electED.

HR 4862 · 119th Congress — LOAN Act

Lowering Obstacles to Achievement Now Act or the LOAN Act This bill revises federal student aid programs, including the Federal Pell Grant program and the Public Service Loan Forgiveness (PSLF) program. It also repeals the education parts…

Congress
119
Bill
HR 4862
Status
Introduced
Introduced
2025-08-01
Latest action date
2025-08-01

Summary

Lowering Obstacles to Achievement Now Act or the LOAN Act This bill revises federal student aid programs, including the Federal Pell Grant program and the Public Service Loan Forgiveness (PSLF) program. It also repeals the education parts that were enacted under P. L. 119-21 (commonly known as the One Big Beautiful Bill Act). Right now, the latest action is: Sent to the Education and Workforce Committee and the Budget Committee. Each committee will review the parts it handles. The listed sponsor is Rep. Scott, Robert C. "Bobby" [D-VA-3] [D].

This summary may describe an earlier version. Check the official record for current wording.

Latest action

Referred to the Committee on Education and Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Sources