Student Loan Refinancing Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Aug 23, 2021)
Student Loan Refinancing Act
This bill establishes a refinancing program for federal student loans.
Specifically, the Department of Education (ED) must, within 30 days, establish a program that allows borrowers to refinance their federal student loans down to lower interest rates. The 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 requires ED to coordinate with the Consumer Financial Protection Bureau to alert borrowers of their program eligibility.
What just happenedAug 23, 2021
Referred to the House Committee on Education and Labor.
Who’s behind it
- Introduced in HouseAug 23, 2021
- Aug 23, 2021IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Aug 23, 2021IntroReferralIntro-H
Introduced in House
- Aug 23, 2021IntroReferral1000
Introduced in House