To amend the Higher Education Act of 1965 to provide a student loan allowance calculation for purposes of determining the student aid index.
Summary
What This Bill Does
The bill creates student loan allowance calculation for award year 2025–2026 and each succeeding award year Section 475(c) of the Higher Education Act of 1965 (20 U.S.C and creates report to Congress Not later than July 1, 2026, and on an annual basis thereafter, the Secretary of Education shall prepare and submit to Congress a report on the impacts of the amendments made by this Act. It relies on grants, reporting requirements, compliance mandates, and definition changes. The main policy areas are Education, Finance, Housing, and Environment.
Who Benefits and How
Homeowners, tenants, or housing market participants affected by the bill could gain revenue opportunities, Financial services firms and customers affected by the bill could gain revenue opportunities, and Environmental and public health interests affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Creates student loan allowance calculation for award year 2025–2026 and each succeeding award year Section 475(c) of the Higher Education Act of 1965 (20 U.S.C.
- Creates report to Congress Not later than July 1, 2026, and on an annual basis thereafter, the Secretary of Education shall prepare and submit to Congress a report on the impacts of the amendments made by this Act...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates student loan allowance calculation for award year 2025–2026 and each succeeding award year Section 475(c) of the Higher Education Act of 1965 (20 U.S.C and creates report to Congress Not later than July 1, 2026, and on an annual basis thereafter, the Secretary of Education shall prepare and submit to Congress a report on the impacts of the amendments made by this Act.
Key Policy Areas
Education, Finance, Housing, Environment
Primary Purpose
The bill creates student loan allowance calculation for award year 2025–2026 and each succeeding award year Section 475(c) of the Higher Education Act of 1965 (20 U.S.C and creates report to Congress Not later than July 1, 2026, and on an annual basis thereafter, the Secretary of Education shall prepare and submit to Congress a report on the impacts of the amendments made by this Act.
Policy Domains
Whole bill
Identified Gains
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Educational institutions and students affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Educational institutions and students affected by the bill
Legislative Progress
IntroducedMs. Stevens introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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