A bill to amend the Servicemembers Civil Relief Act to extend the interest rate limitation on debt entered into during military service to debt incurred during military service to consolidate or refinance student loans incurred before military service.
USA115th CongressS-1619| Senate
| Updated: 7/24/2017
Richard J. Durbin
Democratic Senator
Illinois
Cosponsors (4)
Veterans' Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill amends the Servicemembers Civil Relief Act to extend the 6% interest rate limitation on debt entered into during a servicemember's military service to any debt entered into to consolidate or refinance one or more student loans incurred before such service.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S4137-4138)
Armed Forces and National Security
Higher educationInterest, dividends, interest ratesMilitary personnel and dependentsStudent aid and college costs
A bill to amend the Servicemembers Civil Relief Act to extend the interest rate limitation on debt entered into during military service to debt incurred during military service to consolidate or refinance student loans incurred before military service.
USA115th CongressS-1619| Senate
| Updated: 7/24/2017
This bill amends the Servicemembers Civil Relief Act to extend the 6% interest rate limitation on debt entered into during a servicemember's military service to any debt entered into to consolidate or refinance one or more student loans incurred before such service.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S4137-4138)
Richard J. Durbin
Democratic Senator
Illinois
Cosponsors (4)
Veterans' Affairs Committee
Armed Forces and National Security
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Higher educationInterest, dividends, interest ratesMilitary personnel and dependentsStudent aid and college costs