H.R. 8872 · 117th Congress · House

LOAN Act

Active· Referred to the Committee on Education and Labor, and in addition to the Committee on the Budget, for a period to be subsequently determined…
Introduced
Sep 15, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Lowering Obstacles to Achievement Now Act or the LOAN Act

This bill makes various changes to federal student aid programs, including by providing funding to increase the maximum Pell Grant award for each eligible student and reducing the number of monthly loan payments required for loan forgiveness under the Public Service Loan Forgiveness (PSLF) program.

Action Timeline

4
  1. SEP 15, 2022•IntroReferral

    Introduced in House

  2. SEP 15, 2022•IntroReferral

    Introduced in House

  3. SEP 15, 2022•IntroReferral

    Referred to the Committee on Education and Labor, 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.

  4. SEP 15, 2022•IntroReferral

    Referred to the Committee on Education and Labor, 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.

Committees

2

Budget Committee

hsbu00

Referred: Sep 15, 2022

Active

Education and Workforce Committee

hsed00

Referred: Sep 15, 2022

Active