Student Loan Tax Elimination Act

119 HR 3165 IH: Student Loan Tax Elimination Act U.S. House of Representatives 2025-05-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 3165 IN THE HOUSE OF REPRESENTATIVES May 1, 2025 Mr. Smucker (for himself and Ms. Davids of Kansas ) introduced the following bill; which was referred to the Committee on Education and Workforce A BILL To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans. 1. Short title This Act may be cited as the Student Loan Tax Elimination Act . 2. Elimination of origination fees on federal direct loans (a) Repeal of origination fees Subsection (c) of section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(c) ) is repealed. (b) Effective date The amendment made by subsection (a) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq. ) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on or after July 1 following the enactment of this Act.