The main purpose of this legislation, known as the Student Loan Bond Expansion Act of 2026, is to provide financial relief for student loans by making certain bonds related to student loans exempt from specific tax regulations. This aims to encourage the issuance of these bonds, which can help finance student loans more effectively. Key provisions of this law include two main exemptions. First, it exempts qualified student loan bonds from a volume cap that limits the amount of tax-exempt bonds that can be issued.