AID Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7232 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7232 To amend the Higher Education Act of 1965 to provide a student loan allowance calculation for purposes of determining the student aid index. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 22, 2026 Ms. Stevens 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 provide a student loan allowance calculation for purposes of determining the student aid index. 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 ``Alleviating Intergenerational Debt Act'' or the ``AID Act''. SEC. 2. STUDENT LOAN ALLOWANCE CALCULATION FOR AWARD YEAR 2027-2028 AND EACH SUCCEEDING AWARD YEAR. (a) In General.--Section 475(c) of the Higher Education Act of 1965 (20 U.S.C. 1087oo(c)), as amended by title VII o…