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Student Loan Tax Elimination Act

S. 3538 Sen. Jim Banks (R-IN) In committee
Bill text PDF
  1. Introduced Dec 17
  2. Committee Dec 17
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Dec 17, 2025Next: Senate vote
320d ago Dec 17, 2025: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
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Summary

This bill eliminates origination fees on Federal Direct loans under the Higher Education Act of 1965. Sec. 2, Elimination of origination fees: The bill repeals the subsection of the Higher Education Act that authorizes origination fees on Federal Direct loans. This change applies to loans first disbursed, or for consolidation loans applications received, on or after July 1 following the bill's enactment date.

Summary of the bill text as introduced in Senate (Dec 17, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Nov 1, 2026.