Student Loan Tax Elimination Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3538 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3538 To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 17, 2025 Mr. Banks (for himself, Mr. Kaine, Mr. Booker, and Mr. Van Hollen) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans. 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 ``Student Loan Tax Elimination Act''. SEC. 2. ELIMINATION OF ORIGINATION FEES ON FEDERAL DIRECT LOANS. (a) Repeal of Origination Fees.--Subsection (c) of section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e(c)) is repealed. (b) Effective Date.--The amendment made by su…