Coronavirus Emergency Student Loan Refinancing Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 26, 2020)
Coronavirus Emergency Student Loan Refinancing Act
This bill establishes refinancing programs for federal and private student loans.
Specifically, the bill establishes a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. Such refinanced interest rates are (1) calculated based on the type of student loan (e.g., Stafford), and (2) fixed for the period of the loan.
In addition, the bill creates the Federal Direct Refinanced Private Loan as a new type of loan. Such loans allow qualified borrowers to refinance their private education loans.
What just happenedMar 26, 2020
Referred to the House Committee on Education and Labor.
Who’s behind it
- Introduced in HouseMar 26, 2020
- Mar 26, 2020IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Mar 26, 2020IntroReferralIntro-H
Introduced in House
- Mar 26, 2020IntroReferral1000
Introduced in House