H.R.649: Student Loan Refinancing Act

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Bill Summary

Student Loan Refinancing Act Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a loan under the William D. Ford Federal Direct Loan program to modify the interest rate on such a loan so that its interest rate is equal to the interest rate it would bear if first disbursed at the time of modification. Fixes that interest rate for the life of the loan, unless the borrower elects to modify it again.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.649.

Bill Actions

Date Description
April 29, 2015
Referred to the Subcommittee on Higher Education and Workforce Training.
Feb. 2, 2015
Referred to the House Committee on Education and the Workforce.
Feb. 2, 2015

Introduced in the House by Mark Pocan (D-Wis.)

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