Lowering Student Loans Act sets interest rates for federal student loans at 2 percent.
The Lowering Student Loans Act amends the Higher Education Act of 1965 to set interest rates for federal student loans at 2 percent. This applies to new loans made on or after July 1, 2026, and existing loans with rates higher than 2 percent. Borrowers can opt out of the rate adjustment within 90 days of notification. The bill also includes provisions for notifying loan servicers and establishing a complaint resolution process for any errors or delays.
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