Student loan debt is a heavy burden for millions, but a new bipartisan bill is stirring hope that relief might be on the way. Introduced in March 2025 by Reps. Mike Lawler (R-N.Y.), Anna Paulina Luna (R-Fla.), and Jared Moskowitz (D-Fla.), the Affordable Loans for Students Act aims to slash federal student loan interest rates to just 2%-a steep drop from today’s 6% to 9%. With $1.6 trillion in student debt weighing down borrowers, this proposal could be a game-changer if it passes.
The bill’s pitch is simple but powerful: lower interest rates across the board, retroactively applying the 2% cap to existing federal loans and automatically refinancing them-no paperwork required. “This is a game-changer for millions of Americans looking to build a better future without the weight of overwhelming student loan debt holding them back,” Lawler said in a statement.
How to invest in the stock market?
For a borrower with $30,000 in loans at 6.5%, that could mean shaving monthly payments from $345 to about $280, saving roughly $8,000 over a 10-year term. Luna echoed the urgency, saying, “High interest rates add years, sometimes even decades, to the time it takes for student loans to be paid off. This is unacceptable.”
What makes this stand out is its bipartisan flavor. Lawler, known for crossing party lines, teamed up with Moskowitz, a Democrat, and Luna, a conservative, to bridge the gap on an issue that’s often a political tug-of-war. The National Association of Student Financial Aid Administrators praised it as an “equitable approach” to ease borrower burdens.
How a new bill could change student loan debt forever
Unlike forgiveness plans that spark heated debates, cutting interest rates feels like a middle ground-offering relief without erasing principal balances, which might appeal to both sides of the aisle.
But it’s not a done deal. The 5.06% rate hike CMS just locked in for Medicare Advantage shows the government’s juggling big budget moves, and slashing student loan interest could mean less revenue-potentially a sticking point for fiscal hawks.
Still, the bill’s retroactive angle is a big draw. “Hardworking Americans shouldn’t be saddled with more debt than what they took out just because of interest rates,” Moskowitz noted, highlighting the relief it could bring to many people.
With the GOP controlling the House and the 2025 draft looming, the bill’s fate hangs in the balance. For now, it’s a bold idea that’s got borrowers dreaming of lighter monthly payments and a future where student debt doesn’t feel like a life sentence.
This news was originally published on this post .
About the author
Urban Meyer recaps Round 1 & reacts to Shedeur missing the first round | FULL INTERVIEW | The Herd
THE HERD WITH COLIN COWHERD Trending MLB NFL UFL NTT INDYCAR SERIES NASCAR LIV NBA PGA NCAABK NCAAFB
Urban Meyer recaps Round 1 & reacts to Shedeur missing the first round | FULL INTERVIEW | The Herd
THE HERD WITH COLIN COWHERD Trending MLB NFL UFL NTT INDYCAR SERIES NASCAR LIV NBA PGA NCAABK NCAAFB
Kentucky board of trustees approves shifting university’s athletics department into limited liability company
Getty Images On Friday, the University of Kentucky's board of trustees approved a proposal to transform the athletic department into a limited liability company called Champions Blue, LLC. The move represents a radical shift as college programs continue to adjust to an impending decision from the United States District Court that could lift restrictions on the sharing of media rights revenues.Kentucky's newest venture is thought to be the first of its kind among major universities in the United States. "We believe this is an innovative approach -- a new structure and governance model that thoughtfully contemplates how we strengthen Athletics, protect and promote the University and open up new opportunities for growth," Kentucky president Eli Capilouto said in a statement. "It's a foundation and model that we are calling Champions Blue. Athletics and its success have always been the result […]
Knicks survive Pistons, Clippers dominate Nuggets, Warriors in trouble and Giannis’ uncertain future
On this episode of Good Word with Goodwill, Vince and Dan Titus react to the New York Knicks close win over the Detroit Pistons and the beatdown the Los Angeles Clippers put on the Denver Nuggets.Next, Vince and Dan discuss how the rest of the Los Angeles Lakers and Minnesota Timberwolves series will play out before voicing their concerns for Jimmy Butler and the Golden State Warriors.AdvertisementAdvertisementAdvertisementLater, Vince and Dan unpack the Indiana Pacers and Milwaukee Bucks series and how it will impact Giannis Antetokounmpo’s future.(1:59) Knicks survive Pistons in Game 3(10:38) Officiating in Knicks vs. Pistons(16:02) Jalen Brunson’s foul baiting(18:40) Clippers dominate Nuggets(27:25) Could the Clippers beat the Thunder?(29:52) Lakers vs. Timberwolves Game 3 preview(39:09) Warriors could be without Jimmy Butler(45:59) Giannis’ future with the BucksKarl-Anthony Town's aggressiveness was exactly what the Knicks needed. (AP Photo/Julia Demaree Nikhinson) (AP […]
Pětibojařka Hlaváčková je ve finále Světového poháru v Budapešti
Pro Barboru Hartmanovou, Kateřinu Váňovou a Veroniku Novotnou, která v maďarské metropoli loni vybojovala osmé místo, skončila soutěž ve čtvrtečním semifinále. Stejně v pátek dopadli Matěj Lukeš a Vojtěch Dáňa, už ve středeční kvalifikaci skončily naděje Jana Tomana a Marka Grycze.Hlaváčková se na čtvrtou příčku ve skupině B posunula v závěrečném běhu kombinovaném s laserovou střelbou, před nímž figurovala na 12. místě. Ve finále byla v Budapešti i před rokem, kdy v něm obsadila poslední 18. pozici. Novotné k účasti ve finále nepomohlo ani vítězství v šermu v „béčku“, v kterém byla nakonec dvanáctá.
Ana Thaís Matos destaca volante com “personalidade” no Brasil: “Nunca se omitiu”
Ana Thaís, em participação no Seleção SporTV (Reprodução) Ana Thaís Matos vê Raniele como um exemplo da personalidade que o Corinthians precisa em campo. Presente na vitória contra o Racing-URU, o volante chamou a responsabilidade ao atuar na zaga após a expulsão de Félix Torres. Neste cenário, além da entrega do camisa 14, situação que virou recorrente, a decisão do jogador em atuar no Timão antes da chegada dos reforços badalados foi valorizada. “Rani quis estar nesse time quando tudo estava realmente uma draga. Nunca se omitiu.”, escreveu Ana Thaís, em mensagem na plataforma X. PUBLICIDADE PUBLICIDADE “Tem personalidade que é o que o time tem precisado desde o ano passado. Jogou muito.”, acrescentou. Reprodução Confiança em Raniele Inicialmente, André Ramalho deveria ocupar o espaço deixado na zaga. Porém, como tem experiência de atuar na zaga, Raniele solicitou a presença […]
Related
Urban Meyer recaps Round 1 & reacts to Shedeur missing the first round | FULL INTERVIEW | The Herd
THE HERD WITH COLIN COWHERD Trending MLB NFL UFL NTT INDYCAR SERIES NASCAR LIV NBA PGA NCAABK NCAAFB
Urban Meyer recaps Round 1 & reacts to Shedeur missing the first round | FULL INTERVIEW | The Herd
THE HERD WITH COLIN COWHERD Trending MLB NFL UFL NTT INDYCAR SERIES NASCAR LIV NBA PGA NCAABK NCAAFB
Kentucky board of trustees approves shifting university’s athletics department into limited liability company
Getty Images On Friday, the University of Kentucky's board of trustees approved a proposal to transform the athletic department into a limited liability company called Champions Blue, LLC. The move represents a radical shift as college programs continue to adjust to an impending decision from the United States District Court that could lift restrictions on the sharing of media rights revenues.Kentucky's newest venture is thought to be the first of its kind among major universities in the United States. "We believe this is an innovative approach -- a new structure and governance model that thoughtfully contemplates how we strengthen Athletics, protect and promote the University and open up new opportunities for growth," Kentucky president Eli Capilouto said in a statement. "It's a foundation and model that we are calling Champions Blue. Athletics and its success have always been the result […]
Knicks survive Pistons, Clippers dominate Nuggets, Warriors in trouble and Giannis’ uncertain future
On this episode of Good Word with Goodwill, Vince and Dan Titus react to the New York Knicks close win over the Detroit Pistons and the beatdown the Los Angeles Clippers put on the Denver Nuggets.Next, Vince and Dan discuss how the rest of the Los Angeles Lakers and Minnesota Timberwolves series will play out before voicing their concerns for Jimmy Butler and the Golden State Warriors.AdvertisementAdvertisementAdvertisementLater, Vince and Dan unpack the Indiana Pacers and Milwaukee Bucks series and how it will impact Giannis Antetokounmpo’s future.(1:59) Knicks survive Pistons in Game 3(10:38) Officiating in Knicks vs. Pistons(16:02) Jalen Brunson’s foul baiting(18:40) Clippers dominate Nuggets(27:25) Could the Clippers beat the Thunder?(29:52) Lakers vs. Timberwolves Game 3 preview(39:09) Warriors could be without Jimmy Butler(45:59) Giannis’ future with the BucksKarl-Anthony Town's aggressiveness was exactly what the Knicks needed. (AP Photo/Julia Demaree Nikhinson) (AP […]
Pětibojařka Hlaváčková je ve finále Světového poháru v Budapešti
Pro Barboru Hartmanovou, Kateřinu Váňovou a Veroniku Novotnou, která v maďarské metropoli loni vybojovala osmé místo, skončila soutěž ve čtvrtečním semifinále. Stejně v pátek dopadli Matěj Lukeš a Vojtěch Dáňa, už ve středeční kvalifikaci skončily naděje Jana Tomana a Marka Grycze.Hlaváčková se na čtvrtou příčku ve skupině B posunula v závěrečném běhu kombinovaném s laserovou střelbou, před nímž figurovala na 12. místě. Ve finále byla v Budapešti i před rokem, kdy v něm obsadila poslední 18. pozici. Novotné k účasti ve finále nepomohlo ani vítězství v šermu v „béčku“, v kterém byla nakonec dvanáctá.
Ana Thaís Matos destaca volante com “personalidade” no Brasil: “Nunca se omitiu”
Ana Thaís, em participação no Seleção SporTV (Reprodução) Ana Thaís Matos vê Raniele como um exemplo da personalidade que o Corinthians precisa em campo. Presente na vitória contra o Racing-URU, o volante chamou a responsabilidade ao atuar na zaga após a expulsão de Félix Torres. Neste cenário, além da entrega do camisa 14, situação que virou recorrente, a decisão do jogador em atuar no Timão antes da chegada dos reforços badalados foi valorizada. “Rani quis estar nesse time quando tudo estava realmente uma draga. Nunca se omitiu.”, escreveu Ana Thaís, em mensagem na plataforma X. PUBLICIDADE PUBLICIDADE “Tem personalidade que é o que o time tem precisado desde o ano passado. Jogou muito.”, acrescentou. Reprodução Confiança em Raniele Inicialmente, André Ramalho deveria ocupar o espaço deixado na zaga. Porém, como tem experiência de atuar na zaga, Raniele solicitou a presença […]
Be the first to leave a comment