Student Loan Tax Elimination Act
Sponsored By: Representative Smucker, Lloyd [R-PA-11]
Introduced
Summary
This bill would eliminate origination fees on Federal Direct student loans, cutting the upfront cost for people taking or consolidating federal loans. The repeal would apply to loans with first principal disbursements, and to Federal Direct Consolidation Loan applications received, on or after the July 1 following the bill becoming law.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Would end origination fees on federal loans
This bill would stop origination fees on Federal Direct student loans. The change would apply to loans first disbursed on or after July 1 following enactment. For Federal Direct Consolidation Loans, it would apply to applications received on or after that date. If passed, borrowers would pay less upfront when taking out or consolidating these loans.
Sponsors & CoSponsors
Sponsor
Smucker, Lloyd [R-PA-11]
PA • R
Cosponsors
Rep. Davids, Sharice [D-KS-3]
KS • D
Sponsored 5/1/2025
Davis (NC)
NC • D
Sponsored 5/15/2025
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 10/14/2025
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 2/11/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov