H. R. 4862
Introduced in House · October 16, 2025August 1, 2025
Mr. Scott of Virginia (for himself, Mr. Subramanyam, Ms. Underwood, Ms. Moore of Wisconsin, and Mr. Thanedar) introduced the following bill; which was referred to the Committee on Education and Workforce, 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
A BILL
To amend the Higher Education Act of 1965 to double the Pell Grant award amount, improve the Public Service Loan Forgiveness program, and reduce interest rates, and for other purposes.
1. Short title; 2. Repeal; 3. Table of contents; TITLE I—FEDERAL PELL GRANTS; 101. Doubling Federal Pell Grants and providing all Federal Pell Grants through mandatory funding; 102. Providing increased Federal Pell Grants and other assistance for recipients of means-tested benefits; 103. Federal aid eligibility for dreamer students; 104. Restoring the total semesters of Federal Pell Grant eligibility; 105. Reducing financial aid penalties from satisfactory academic progress determinations; 106. Federal Pell Grants for graduate students; TITLE II—AMENDMENTS TO TERMS AND CONDITIONS OF LOANS AND REPAYMENT PLANS; PART A—GENERAL TERMS AND CONDITIONS; 201. Subsidized loans for graduate and professional students; 202. Repeal of origination fees; 203. Prepayment amounts; 204. Default requirements; PART B—ONE INCOME-CONTINGENT REPAYMENT PLAN AND ONE FIXED REPAYMENT PLAN; 211. Notification to borrowers; 212. New repayment plans; 213. Maximum repayment period for income-contingent repayment and income-based repayment; 214. Borrowers ineligible for loans; PART C—AUTOMATIC ENROLLMENT IN THE INCOME-DRIVEN REPAYMENT PLAN FOR CERTAIN BORROWERS; 221. Notification and automatic enrollment procedures for borrowers who are delinquent on loans; 222. Notification and automatic enrollment procedures for borrowers who are rehabilitating defaulted loans; 223. Covered loan and non-covered loan defined; 224. Automatic recertification of income for income-driven repayment plans; 225. Procedure and requirement for requesting tax return information from the IRS; PART D—STREAMLINING PUBLIC SERVICE LOAN FORGIVENESS; 231. Amendments to terms and conditions of public service loan forgiveness; 232. Terms and conditions of employment; 233. Online portal and database of public service jobs; 234. Treatment of consolidated and refinanced loans; 235. Loan forgiveness for teachers; 236. GAO study on data matching agreements for public service loan forgiveness; PART E—SUPPORT FOR BORROWERS IN DEFAULT; 241. Removal of record of default; 242. Removal of record of default from credit history upon loan consolidation; 243. Default reduction program; TITLE III—INTEREST CAPITALIZATION; 301. Elimination of interest capitalization; 302. Elimination of disclosure requirements relating to capitalization; TITLE IV—INTEREST RATES; 401. Interest rate provisions for new Federal student loans on or after July 1, 2026; 402. Refinancing FFEL and Federal Direct Loans; 403. Refinancing private student loans