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Sen. Banks introduces bill to cut hidden student loan tax

Summary by WTWO News
Senator Jim Banks (R-Ind.) has introduced the Student Loan Tax Elimination Act, which would repeal origination fees imposed upon federal student loans, eliminating a hidden tax on students and families and providing greater transparency and affordability.

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Sen. Banks introduces bill to cut hidden student loan tax

Senator Jim Banks (R-Ind.) has introduced the Student Loan Tax Elimination Act, which would repeal origination fees imposed upon federal student loans, eliminating a hidden tax on students and families and providing greater transparency and affordability.

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WTWO News broke the news in on Thursday, December 18, 2025.
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