H.R. 8872: LOAN Act

117th Congress · introduced 2022-09-15 · Education · Latest: Referred to the Committee on Education and Labor, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

federal

Follow this bill, step by step

Where it came from: introduced 2022-09-15 · official record
Who proposed it: Rep. Wilson, Frederica S. [D-FL-24] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Committee on Education and Labor, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

LOAN Act

Plain summary

Lowering Obstacles to Achievement Now Act or the LOAN Act This bill makes various changes to federal student aid programs, including by providing funding to increase the maximum Pell Grant award for each eligible student and reducing the number of monthly loan payments required for loan forgiveness under the Public Service Loan Forgiveness (PSLF) program.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

LOAN Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Wilson, Frederica S. [D-FL-24] · 31 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Robert C. "Bobby" Scott (D-VA), Alma S. Adams (D-NC), Suzanne Bonamici (D-OR), Eleanor Holmes Norton (D-DC), Jahana Hayes (D-CT), Mark Takano (D-CA), Danny K. Davis (D-IL), Lucy McBath (D-GA), Bennie G. Thompson (D-MS), Darren Soto (D-FL), Mark DeSaulnier (D-CA), Nanette Diaz Barragán (D-CA), J. Luis Correa (D-CA), Dwight Evans (D-PA), Salud O. Carbajal (D-CA), Ritchie Torres (D-NY), Yvette D. Clarke (D-NY), Shontel M. Brown (D-OH), Troy A. Carter (D-LA), André Carson (D-IN), Adriano Espaillat (D-NY), Joaquin Castro (D-TX)

Sponsor's campaign money: Rep. Wilson, Frederica S. [D-FL-24] reported raising $170,085 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr8872.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr8872 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117