The Shutdown Student Loans for Feds Act would provide relief to federal employees and contractors whose agencies experience government shutdowns lasting at least 14 days. During such shutdowns, federal student loan payments would be suspended for affected workers, with no interest accruing on those loans during the suspension period. The bill treats suspended payments as if they were actually made for purposes of loan forgiveness programs, protects borrowers' credit reports by reporting suspended payments as regular payments, and allows workers to request refunds for any loans paid during qualifying shutdown periods. The legislation applies retroactively to September 30, 2025, and would remain in effect for any shutdowns occurring in fiscal year 2026 and beyond, addressing the financial hardship federal employees face when they stop receiving paychecks during appropriations lapses.
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