S. 4169
Introduced in Senate · April 3, 2026March 24, 2026
Mr. Welch 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 interest on student loans, establish the Education Affordability Trust Fund, increase annual and aggregate loan limits, and for other purposes.
1. Short title; table of contents; TITLE I—LOAN MODIFICATION AND REFINANCING FOR EXISTING FEDERAL STUDENT LOANS; 101. Program authority; 102. Program for the loan modification of eligible Federal Direct loans, and refinancing of other Federal student loan; TITLE II—TERMS AND CONDITIONS FOR NEW FEDERAL STUDENT LOANS; 201. Applicable rates of interest for loans made on or after July 1, 2026; 202. Termination of interest subsidized loans; 203. Annual and aggregate loan limits; TITLE III—TRUST FUND; 301. Supplemental Federal Pell Grant Program; 302. Use of funds from the repayment of Federal student loans; 303. Education Affordability Trust Fund; TITLE IV—GENERAL PROVISIONS; 401. Implementation
Use of funds from the repayment of Federal student loans
Education Affordability Trust Fund
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,