A proposed 2% rate for covered federal student loans
What they say
Lawler said he introduced a bipartisan proposal with Jared Moskowitz to cap student-loan interest rates at 2%.
What the record shows ·
Lawler introduced H.R. 2003, the Affordable Loans for Students Act, March 10, 2025. Jared Moskowitz and Anna Paulina Luna were original cosponsors. Its text proposes a 2.0% rate for specified federal loans, modifying eligible Secretary-held loans and permitting refinancing of specified other federal loans. Its new Direct-loan rule would apply after the first July 1 following enactment. The captured action history shows introduction and committee referral, not passage or enactment.
Limit: This establishes the proposal and the named bipartisan introduction. It does not set a current rate for every student loan or cover every private loan. Nearby claims about debt amounts, job prospects and healthcare are not validated by the text. Debate wording is paraphrased from native captions.