Student Loan Refinancing and Recalculation Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 10, 2017)
Student Loan Refinancing and Recalculation Act
This bill amends the Higher Education Act of 1965 to direct the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on Federal Direct Loans (DLs) and Federal Family Education Loans (FFELs) in order to give a borrower a fixed interest rate equal to the 10-year Treasury note rate plus one percentage point.
In addition, the bill allows borrowers in medical or dental internship or residency programs to defer student loan payments until the completion of their programs.
What just happenedOct 10, 2017
Referred to the House Committee on Education and the Workforce.
Who’s behind it
- Introduced in HouseOct 10, 2017
- Oct 10, 2017IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
Education and the Workforce Committee - Oct 10, 2017IntroReferralB00100
Sponsor introductory remarks on measure. (CR H7906)
- Oct 10, 2017IntroReferralIntro-H
Introduced in House
- Oct 10, 2017IntroReferral1000
Introduced in House