Commitment kind: unknown. Promised action: not established. Promised outcome: not established. Deadline: unknown; not assumed expired.
Occurrences
HR 4986, Student Loan Interest Elimination Act would refinance the interest rate of all existing federal student loans to zero percent and cap interest rates for future borrowers.
Campaign site says he is co-sponsoring and working to advance legislation that would eliminate student loan interest and cap future rates.
Federal Student Aid announces the interest rates for Federal Direct Stafford/Ford Loans (Direct Subsidized Loans), Federal Direct Unsubsidized Stafford/Ford Loans (Direct Unsubsidized Loans), and Federal Direct PLUS Loans (Direct PLUS Loans) made under the William D. Ford Federal Direct Loan (Direct Loan) Program, Assistance Listing Number 84.268, with first disbursement dates on or after July 1, 2026, and before July 1, 2027.
Fetched verbatim passage. AI summary (separate from source): Within the lookback window, the Education Department/FSA published nonzero fixed interest rates for new 2026-2027 Direct Loans, indicating the zero-interest/capped-interest policy has not been implemented.
unverified · Source version 81459 · locator unknown
Direct Subsidized Loans, Direct Unsubsidized Loans | Undergraduate students | 4.47 | 2.05 | 8.25 | 6.52
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The notice lists a 6.52% fixed rate for undergraduate Direct Subsidized/Unsubsidized Loans first disbursed July 1, 2026-June 30, 2027, rather than 0%.
Last Action Date Listed March 24, 2026 Action Mr. Courtney (for himself and Ms. Norton) introduced the following bill; which was referred to the Committee on Education and Workforce, and in addition to the Committee on the Budget
Fetched verbatim passage. AI summary (separate from source): The current-Congress House version existed only as an introduced-and-referred bill in the official GovInfo record reviewed, so enactment or final delivery is not shown.
unverified · Source version 81463 · locator unknown
NEW LOANS ON OR AFTER JULY 1, 2026.—Notwithstanding the preceding subpara graphs of this paragraph, for Federal Direct Unsubsidized Stafford Loans, Federal Direct PLUS Loans, and Federal Direct Consolidation Loans for which the first disbursement is made, or the application is received, on or after July 1, 2026, the applicable rate of interest shall be 0 percent on the unpaid principal balance of the loan.
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The pending 119th Congress bill contains the relevant future-loan zero-interest language, but the bill text is introduced legislation rather than enacted law.
Fetched verbatim passage. AI summary (separate from source): Morelle was listed as an original cosponsor of the prior House Student Loan Interest Elimination Act, providing concrete effort evidence but not enactment.
Latest Action: House - 07/27/2023 Referred to the Committee on Education and the Workforce, and in addition to the Committee on the Budget
Fetched verbatim passage. AI summary (separate from source): The 118th Congress bill that Morelle cosponsored did not advance beyond referral in the cited official status display.