New federal student loans would stop charging interest. Borrowers would instead pay a one-time fee and usually repay based on income, unless they choose a 10-year fixed plan.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
LOAN Act of 2023 is a Senate bill in Congress.
Who this affects: This bill mainly affects people who take out new federal Direct student loans after July 1, 2024. It also affects students already enrolled by June 30, 2024, because they could choose between the old interest system and the new fee system. The Department of Education and Treasury Department would have to build the payment, tax-data, notice, appeal, and hardship systems.
Why this matters: Student loan costs would stop growing through interest for new covered loans, but borrowers would owe a large fee from the start. That could make costs easier to see up front. It could also raise the starting balance for many borrowers. The bill matters because the exact fee, income-based payment rule, tax-data system, and future forgiveness rules would shape how much people pay and for how long.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
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Officially: LOAN Act of 2023
New federal student loans would stop charging interest. Borrowers would instead pay a one-time fee and usually repay based on income, unless they choose a 10-year fixed plan.
Use this page to support, oppose, or ask Congress to amend S300. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Senate Committee
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
Enter your ZIP to see how your senators and member of Congress have voted, sponsored, or spoken on this bill.
Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Senate Floor Vote
Voted on by Senate
Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your senators when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to LOAN Act of 2023, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (introduced), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around S300, your stance, and the reasons you choose, then lets you edit and send when ready.
