To amend the Higher Education Act of 1965 to set interest rates for Federal student loans made on or after July 1, 2026, at 2 percent, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7810 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7810 To amend the Higher Education Act of 1965 to set interest rates for Federal student loans made on or after July 1, 2026, at 2 percent, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 4, 2026 Mr. Thompson of California (for himself and Mr. Moylan) 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 set interest rates for Federal student loans made on or after July 1, 2026, at 2 percent, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Lowering Student Loans Act''. SEC. 2. INTEREST RATES FOR FEDERAL STUDENT LOANS. (a) Federal Direct Loans.--Section 455(b) of the Higher Education Act of 1965 (20 U.S.C. 1087e(b)) is amended-- (1) by redesignating paragraphs (9) and (10) as paragraphs (10) and (11), respectively; (2) in paragraph (8)-- (A) in the heading of such paragraph, by striking ``2013.'' and inserting ``2013 and before july 1, 2026.''; and (B) in subparagraphs (A) through (D), by inserting ``and before July 1, 2026,'' after ``July 1, 2013,''; and (3) by inserting after paragraph (8) the following: ``(9) Interest rate provisions for loans on or after july 1, 2026.-- ``(A) Rates for direct loans other than consolidation loans.-- ``(i) New loans.--Notwithstanding the preceding paragraphs of this subsection, for Federal Direct Stafford Loans, Federal Direct Unsubsidized Stafford Loans, and Federal Direct PLUS Loans (including such a loan made to a parent on behalf of a dependent student) for which the first disbursement is