To authorize borrowers of loans under the William D. Ford Federal Direct Loan Program to modify the interest rate of such loans to be equal to the interest rate for such loans at the time of modification.
Student Loan Refinancing Act
This bill allows a borrower of a Federal Direct Loan program loan to modify the interest rate on the federal student loan to the current applicable rate. That interest rate is fixed for the life of the loan, unless the borrower elects to modify it again.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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