To provide for the refinancing and recalculation of certain Federal student loans, and for other purposes.
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.
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the House Committee on Education and the Workforce.
Referred to the House Committee on Education and the Workforce.
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3015)
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S3886-3887)
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR H7906)
Referred to the House Committee on Education and the Workforce.
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