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Referenced Laws
20 U.S.C. 1087e(c)
20 U.S.C. 1087a et seq.
Section 1
1. Short title This Act may be cited as the Student Loan Tax Elimination Act .
Section 2
2. Elimination of origination fees on Federal Direct loans Subsection (c) of section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e(c)) is repealed. The amendment made by subsection (a) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on or after March 27, 2022.