H.R. 5084
Referred to CommitteeStudent Loan Refinancing Act
Latest Action
Referred to the House Committee on Education and Labor.
8/23/2021 • House
Summary
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.
Introduced in House • 8/23/2021
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Sponsor & Cosponsors (3)
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Sponsor
Cosponsors (2)
Bill Journey
Originated in the House
Introduced
August 23, 2021
Referred to the House Committee on Education and Labor.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law