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- H.R.5084
H.R.5084: Student Loan Refinancing Act
About This Bill
- Introduced Aug. 23, 2021
- Latest Major Action Aug. 23, 2021
- See the seven similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Aug. 23, 2021
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Aug. 23, 2021 |
Referred to the House Committee on Education and Labor.
|
| Aug. 23, 2021 |
Introduced in the House by Michael R. Turner (R-Ohio) |