Student Loan Refinancing and Recalculation Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 16, 2021)
Student Loan Refinancing and Recalculation Act
This bill provides for the refinancing or deferral of certain federal student loans.
Specifically, the bill directs the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on federal student loans in order to give borrowers fixed interest rates equal to the 10-year Treasury note rate plus one percentage point. Further, the bill eliminates origination fees on the loans.
In addition, the bill allows borrowers in medical, veterinary, or dental internship or residency programs to defer student loan payments until the completion of their programs.
What just happenedMar 16, 2021
Referred to the House Committee on Education and Labor.
Who’s behind it
- Introduced in HouseMar 16, 2021
- Mar 16, 2021IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Mar 16, 2021IntroReferralB00100
Sponsor introductory remarks on measure. (CR E257)
- Mar 16, 2021IntroReferralIntro-H
Introduced in House
- Mar 16, 2021IntroReferral1000
Introduced in House