H.R. 4555, the Student Loan Contract Act of 2025, makes a technical change to federal student loan documentation by renaming "master promissory notes" to "student loan contracts" for federal loans issued under Part D of the Higher Education Act. The bill affects all students who take out federal student loans starting from the bill's enactment date. This is primarily a terminology update with no changes to loan amounts, interest rates, or repayment terms—it simply standardizes the name of the document that borrowers sign when obtaining federal loans. The legislation contains no new funding provisions or implementation timelines beyond the effective date of enactment.
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