1. Short title; table of contents (a) Short title This Act may be cited as the Student Loan Interest Elimination Act . (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Title I—Loan modification and refinancing for existing Federal student loans Sec. 101. Program authority. Sec. 102. Program for the loan modification of eligible Federal Direct loans, and refinancing of other Federal student loan. Title II—Terms and conditions for new Federal student loans Sec. 201. Applicable rates of interest for loans made on or after July 1, 2024. Sec. 202. Termination of interest subsidized loans. Sec. 203. Annual and aggregate loan limits. Title III—Trust Fund Sec. 301. Supplemental Federal Pell Grant Program. Sec. 302. Use of funds from the repayment of Federal student loans. Sec. 303. Education Affordability Trust Fund. Title IV—General Provisions Sec. 401. Implementation. I Loan modification and refinancing for existing Federal student loans 101. Program authority Section 451(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1087a(a) ) is amended— (1) by striking There are hereby made available and inserting After using funds available from the Education Affordability Trust Fund in accordance with section 494A, there are hereby made available ; (2) by striking and (2) and inserting (2) ; and (3) by inserting