Bill · S. 3253· Senate(119-S-3253)
Servicemember Student Loan Affordability Act of 2025
- Introduced
- 11/20/2025
- Last activity
- 11/20/2025 — Read twice and referred to the Committee on Veterans' Affairs. (text: CR S8278)
- Sponsored by
- Richard Durbin
- Cosponsors
- - 5 - 0
- Introduced
- In Committee
What this bill would do
The Servicemember Student Loan Affordability Act of 2025 aims to amend the Servicemembers Civil Relief Act. It seeks to extend the 6 percent interest rate limitation to certain new debts. This extension applies to debt incurred during military service used to consolidate or refinance student loans obtained before service. The bill also updates definitions for student loans to include Federal and private education loans.
Yes· 3 of 6
Would veterans be better off under this, taking everything together?+4
The bill provides financial protections for servicemembers' education-related debts that carry into their veteran status.
Does this reduce what student borrowers owe or repay?+4
The bill extends a 6 percent interest rate cap to debt used to consolidate or refinance student loans incurred before military service.
Would people in their twenties and thirties be better off under this?+3
The bill assists younger servicemembers in managing student loan debt through interest rate limitations.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Interest Rate Cap on Refinanced Loans: Servicemembers or those serving with a spouse can have an interest rate cap of 6 percent on debt used to consolidate or refinance student loans from before their service (Section 2, subsection a, paragraph 2, subparagraph A). This provides a limitation on interest rates for those specific obligations.
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Broader Definition of Student Loans: The bill clarifies that student loans include both Federal student loans under the Higher Education Act of 1965 and private education loans as defined by the Truth in Lending Act (Section 2, subsection c, paragraph 3). This ensures the protection covers various types of educational debt.
Potential Negative Impacts for People
- Limited Scope of Protection: The interest rate limitation applies only to the consolidation or refinancing of student loans and does not apply to the consolidation or refinancing of any other obligation or liability (Section 2, subsection a, paragraph 2, subparagraph B).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Veterans+4Good For Young Adults+3Good For Low Income Households+2
- Education And Technology
- Improves Student Loan Relief+4
- National Security And Foreign Policy
- Improves Veterans Benefits+3
- Social Issues And Justice
- Improves Poverty Reduction+2
- 12/11/2025
- 1 Cosponsor added.
- 12/1/2025
- 2 Cosponsors added.
- 11/20/2025
- Read twice and referred to the Committee on Veterans' Affairs. (text: CR S8278)
- 2 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Cory BookerDemocrat · New Jersey
Tammy DuckworthDemocrat · Illinois
Kirsten GillibrandDemocrat · New York
Ben LujánDemocrat · New Mexico
Adam SchiffDemocrat · California