H.R. 6397
Referred to CommitteeCoronavirus Emergency Student Loan Refinancing Act
Latest Action
Referred to the House Committee on Education and Labor.
3/26/2020 • House
Summary
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.
Introduced in House • 3/26/2020
Topics & Subjects
Congressional Votes (0)
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Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (61)
Party Breakdown
Sponsor
Cosponsors (60)
Bill Journey
Originated in the House
Introduced
March 26, 2020
Referred to the House Committee on Education and Labor.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (5)
H.R. 1707
Bank on Students Emergency Loan Refinancing Act
H.R. 3102
HIGHER ED Act
H.R. 4674
College Affordability Act
S. 768
Bank on Students Emergency Loan Refinancing Act
S. 1845
If It's Good Enough For the Banks, It's Good Enough For Students Act