PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Higher Education and Workforce Training.
Congressional Research Service
Version 00 · Introduced in House · Sep 18, 2014
B-On-Time Student Loan Relief Act of 2014 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to award interest-free loans to students who meet any prerequisites that the Secretary requires.
Requires eligible students, at a minimum, to:
have either graduated on or after the 2013-2014 school year from a secondary school in the United States, one operated by the Department of Defense (DOD), or its equivalent or earned an associate's degree from an institution of higher education (IHE) on or after May 1, 2013;
Showing the opening paragraphs of the official summary.
have not earned a bachelor's degree;
be enrolled on a full-time basis in an IHE undergraduate degree or certificate program; and
have completed a Free Application for Federal Student Aid (FAFSA) and met the eligibility requirements for title IV assistance.
Directs the Secretary to forgive students' outstanding principal on such interest-free loans if they:
receive a bachelor's degree within a set timeframe, determined by the Secretary;
maintained a certain grade point average or majored in a science, technology, engineering, or mathematics (STEM) field while enrolled in the IHE; and
meet any other requirements established by the Secretary.
Requires the Secretary to award such loans and grant such loan forgiveness on a first-come, first-served basis, subject to the availability of appropriations.
People & committees
Rep. Castro, Joaquin [D-TX-20] · D–TX
Legislative record
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Referred to the Subcommittee on Higher Education and Workforce Training.
Referred to the House Committee on Education and the Workforce.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.
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