Authored by Tom Gantert via The Epoch Times,
President Donald Trump said on Saturday that he might support a bill capping federal student loan interest at 2.5 percent. Interest rates for newer federal student loans range from 6.52 percent to 9.07 percent, depending on the loan type.
President Donald Trump (L) speaks to reporters alongside First Lady Melania Trump after they cast their ballots during early voting in West Palm Beach, Fla., on Oct. 24, 2026. Alex Wong/Getty Images"President Trump said he will support capping federal student loan interest rates at 2.5%! This has been an issue that I've long championed in Congress," said Rep. Anna Paulina Luna (R-Fla.) in an X post on Saturday.
"Every American that decides to pursue higher education, especially in STEM, becomes an asset to our nation and gives us an edge on China."
Luna posted a video of Trump saying "he might" support an interest rate cap.
In June, Luna introduced a resolution asking the House to consider legislation to lower the interest rate on federal student loans to 2 percent.
The issue has been circulating in Congress for a while. Rep. Michael Lawler (R-N.Y.) introduced the Affordable Loans for Students bill in March 2025 that would lower the interest rate on student loans to 2 percent. It sits in the House Committee on Education and the Workforce.
Democrats introduced legislation in 2026 to eliminate interest on federal student loans.
Rep. Joe Courtney (D-Conn.) and Sen.
