Affordable Loans for Students Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 10159 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 10159 To amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 1 percent. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 18, 2024 Mr. Lawler introduced the following bill; which was referred to the Committee on Education and the Workforce _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 1 percent. 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 ``Affordable Loans for Students Act''. SEC. 2. PROGRAM AUTHORITY. Section 451(a) of the Higher Education Act of 1965 (20 U.S.C. 1087a(a)) is amended-- (1) by striking ``and (2)'' and inserting ``(2)''; and (2) by inserting ``; and (3) to make loans under section 460A(b)'' after ``section 459A''. SEC. 3. PROGRAM FOR THE LOAN MODIFICATION …