H.R. 5710
Referred to CommitteeStudent Loan Refinancing and Recalculation Act
Latest Action
Referred to the House Committee on Education and the Workforce.
9/26/2023 • House
Summary
Student Loan Refinancing and Recalculation Act
This bill provides for the refinancing or deferral of certain federal student loans.
Specifically, the bill directs the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on federal student loans in order to give borrowers fixed interest rates equal to the 10-year Treasury note rate plus one percentage point. Further, the bill eliminates origination fees on the loans.
In addition, the bill allows borrowers in medical, veterinary, or dental internship or residency programs to defer student loan payments until the completion of their programs.
The bill also terminates interest capitalization for federal student loans.
Introduced in House • 9/26/2023
Topics & Subjects
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Sponsor & Cosponsors (12)
Party Breakdown
Sponsor
Cosponsors (11)
Bill Journey
Originated in the House
Introduced
September 26, 2023
Referred to the House Committee on Education and the Workforce.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law