To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 82003, Sec. 82003.
Written by .
The monthly payment may not fall below $10
The document says “shall not”Who acts: Secretary of EducationHow: statuteSec. 82003 in the PDF
What the document says
“With respect to a borrower who has 1 or more loans made under part D on or after July 1, 2027 that are described in subparagraph (A), the total monthly payment of the borrower for all such loans shall not be less than $10.”
The section adds a sentence to section 428F(a)(1)(B) of the Higher Education Act of 1965 setting a floor of $10 on the total monthly payment for a borrower with one or more covered loans made on or after July 1, 2027.
What the document actually says
“With respect to a borrower who has 1 or more loans made under part D on or after July 1, 2027 that are described in subparagraph (A), the total monthly payment of the borrower for all such loans shall not be less than $10.”
That sentence, in plain words
The total monthly payment may not fall below $10. That covers all such loans together.
What this is about
It reaches loans made from July 1, 2027. The payment is part of getting out of default. The floor is fixed in the law.
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. 82003, 139 Stat. 348 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The monthly payment may not fall below $10,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 82003, Sec. 82003. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec82003-minimum/ (retrieved October 10, 2026).
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