Back to all bills
HR 5843119th CongressIn Committee
Shutdown Student Loans for Feds Act
Introduced: Oct 28, 2025
Sponsor: Rep. Elfreth, Sarah [D-MD-3] (D-Maryland)
Standard Summary
Comprehensive overview in 1-2 paragraphs
Suspends federal student loan payments for federal employees during a 14‑day appropriations lapse, with no interest accrual and treatment as a forgiveness payment.
Key Points
- 1Payments suspended for covered individuals during a lapse of at least 14 days.
- 2No interest accrues on suspended payments.
- 3Suspended payments count as if made for forgiveness programs.
- 4Reporting to consumer reporting agencies treats suspended payments as regular.
- 5Retroactive effective date of September 30, 2025.
Impact Areas
Federal employees and contractorsDepartment of Education and loan servicersStudent loan borrowers in federal employment
Generated by openai/gpt-oss-20b:free on Nov 19, 2025