Consolidation loans from July 1, 2026 use only the two new plans
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 82001, Sec. 82001.
Written by .
Consolidation loans from July 1, 2026 use only the two new plans
The document says “may not”Who acts: Secretary of EducationHow: statuteSec. 82001 in the PDF
What the document says
“A Federal Direct Consolidation Loan offered to a borrower under this part on or after July 1, 2026, may only be repaid pursuant to a repayment plan described in clause (i) or (ii) of subsection (d)(7)(A) of this section, as applicable, and the repayment schedule of such a Consolidation Loan shall be determined in accordance with such repayment plan.”
The section adds a new paragraph (3) to section 455(g) of the Higher Education Act of 1965 so a Federal Direct Consolidation Loan offered on or after July 1, 2026 may be repaid only under the standard plan or the Repayment Assistance Plan, with its schedule set by that plan.
What the document actually says
“A Federal Direct Consolidation Loan offered to a borrower under this part on or after July 1, 2026, may only be repaid pursuant to a repayment plan described in clause (i) or (ii) of subsection (d)(7)(A) of this section, as applicable, and the repayment schedule of such a Consolidation Loan shall be determined in accordance with such repayment plan.”
That sentence, in plain words
A loan that rolls others up may use only two plans. That covers such loans from July 1, 2026.
What this is about
The two are the fixed plan and the new plan. The schedule follows the plan picked. No other plan is open.
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
“Consolidation loans from July 1, 2026 use only the two new plans,” 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-consolidation/ (retrieved October 10, 2026).
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