Unpaid interest is not charged and principal falls by at least $50 a month
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 82001, Sec. 82001.
Written by .
Unpaid interest is not charged and principal falls by at least $50 a month
The document says “shall not”Who acts: Secretary of EducationHow: statuteSec. 82001 in the PDF
What the document says
“the amount of interest accrued and not paid for the month shall not be charged to the borrower.”
The section provides that where a borrower makes an on-time payment under the plan that does not cover the month's interest, the unpaid interest is not charged. Where such a payment cuts total principal by less than $50, the Secretary must reduce principal by the lesser of $50 or the amount paid, less whatever of that payment already went to principal.
What the document actually says
“the amount of interest accrued and not paid for the month shall not be charged to the borrower.”
That sentence, in plain words
Interest that builds up and is not paid is not charged. That holds for the month in question.
What this is about
The borrower must have paid on time. A second rule covers principal. It must fall by at least $50 a month.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 82001, 139 Stat. 337 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“Unpaid interest is not charged and principal falls by at least $50 a month,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 82001, Sec. 82001. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec82001-assistance/ (retrieved August 26, 2026).
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