HR6224119th CongressWALLET

Servicemember Student Loan Affordability Act of 2025

Sponsored By: Representative Ramirez, Delia C. [D-IL-3]

In Committee

Summary

Would extend the Servicemembers Civil Relief Act's 6 percent interest cap to student loans refinanced or consolidated during military service. It targets new obligations taken during service to consolidate or refinance student loans the servicemember incurred before entering military service.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lower student loan rates for servicemembers

This bill would limit interest to 6% per year on obligations you incur while serving to consolidate or refinance student loans you took before service. It would cover Title IV federal student loans and private education loans as defined in federal law. The 6% cap would apply to loans you take alone or jointly with your spouse while you remain in military service. The bill would also clarify which paragraph’s cap applies and say the 6% limit for these new consolidation or refinance loans starts on the date you incur the obligation.

Sponsors & CoSponsors

Sponsor

Ramirez, Delia C. [D-IL-3]

IL • D

Cosponsors

  • Bonamici

    OR • D

    Sponsored 11/20/2025

  • Levin

    CA • D

    Sponsored 11/20/2025

  • McClellan

    VA • D

    Sponsored 11/20/2025

  • Rep. Tlaib, Rashida [D-MI-12]

    MI • D

    Sponsored 11/20/2025

  • Rep. Salinas, Andrea [D-OR-6]

    OR • D

    Sponsored 11/20/2025

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 11/20/2025

  • Davis (IL)

    IL • D

    Sponsored 11/20/2025

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 11/20/2025

  • Rep. García, Jesús G. "Chuy" [D-IL-4]

    IL • D

    Sponsored 11/20/2025

  • Carson

    IN • D

    Sponsored 1/7/2026

Roll Call Votes

No roll call votes available for this bill.

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