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Coronavirus Emergency Student Loan Refinancing Act

USA116th CongressHR-6397| House 
| Updated: 3/26/2020
Joe Courtney

Joe Courtney

Democratic Representative

Connecticut

Cosponsors (60)
Tim Ryan (Democratic)Marcy Kaptur (Democratic)Gilbert Ray Cisneros (Democratic)Barbara Lee (Democratic)Raúl M. Grijalva (Democratic)Karen Bass (Democratic)David N. Cicilline (Democratic)Darren Soto (Democratic)Derek Kilmer (Democratic)John A. Yarmuth (Democratic)Ben Ray Luján (Democratic)Bill Foster (Democratic)Debra A. Haaland (Democratic)Max Rose (Democratic)David Scott (Democratic)Frederica S. Wilson (Democratic)Terri A. Sewell (Democratic)Bobby L. Rush (Democratic)Eric Swalwell (Democratic)Michael F. Doyle (Democratic)Debbie Dingell (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Donald M. Payne (Democratic)Rosa L. DeLauro (Democratic)Collin C. Peterson (Democratic)Anthony G. Brown (Democratic)Peter A. DeFazio (Democratic)Greg Stanton (Democratic)Ann M. Kuster (Democratic)André Carson (Democratic)John B. Larson (Democratic)Joaquin Castro (Democratic)Stephen F. Lynch (Democratic)Doris O. Matsui (Democratic)Dean Phillips (Democratic)Jahana Hayes (Democratic)James A. Himes (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Kathy Castor (Democratic)Eleanor Holmes Norton (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Jerry McNerney (Democratic)Peter Welch (Democratic)Earl Blumenauer (Democratic)Lori Trahan (Democratic)Elissa Slotkin (Democratic)Linda T. Sánchez (Democratic)Ed Perlmutter (Democratic)Jesús G. "Chuy" García (Democratic)Jason Crow (Democratic)Alcee L. Hastings (Democratic)Veronica Escobar (Democratic)Chellie Pingree (Democratic)Grace F. Napolitano (Democratic)Susan Wild (Democratic)

Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Coronavirus Emergency Student Loan Refinancing Act This bill establishes refinancing programs for federal and private student loans. Specifically, the bill establishes a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. Such 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 creates the Federal Direct Refinanced Private Loan as a new type of loan. Such loans allow qualified borrowers to refinance their private education loans.
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Timeline
Mar 26, 2020
Introduced in House
Mar 26, 2020
Referred to the House Committee on Education and Labor.
  • March 26, 2020
    Introduced in House


  • March 26, 2020
    Referred to the House Committee on Education and Labor.

Education

Related Bills

  • S 116-1845: If It's Good Enough For the Banks, It's Good Enough For Students Act
  • S 116-768: Bank on Students Emergency Loan Refinancing Act
  • HR 116-4674: College Affordability Act
  • HR 116-3102: HIGHER ED Act
  • HR 116-1707: Bank on Students Emergency Loan Refinancing Act
Education programs fundingGovernment information and archivesGovernment lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs

Coronavirus Emergency Student Loan Refinancing Act

USA116th CongressHR-6397| House 
| Updated: 3/26/2020
Coronavirus Emergency Student Loan Refinancing Act This bill establishes refinancing programs for federal and private student loans. Specifically, the bill establishes a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. Such 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 creates the Federal Direct Refinanced Private Loan as a new type of loan. Such loans allow qualified borrowers to refinance their private education loans.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 26, 2020
Introduced in House
Mar 26, 2020
Referred to the House Committee on Education and Labor.
  • March 26, 2020
    Introduced in House


  • March 26, 2020
    Referred to the House Committee on Education and Labor.
Joe Courtney

Joe Courtney

Democratic Representative

Connecticut

Cosponsors (60)
Tim Ryan (Democratic)Marcy Kaptur (Democratic)Gilbert Ray Cisneros (Democratic)Barbara Lee (Democratic)Raúl M. Grijalva (Democratic)Karen Bass (Democratic)David N. Cicilline (Democratic)Darren Soto (Democratic)Derek Kilmer (Democratic)John A. Yarmuth (Democratic)Ben Ray Luján (Democratic)Bill Foster (Democratic)Debra A. Haaland (Democratic)Max Rose (Democratic)David Scott (Democratic)Frederica S. Wilson (Democratic)Terri A. Sewell (Democratic)Bobby L. Rush (Democratic)Eric Swalwell (Democratic)Michael F. Doyle (Democratic)Debbie Dingell (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Donald M. Payne (Democratic)Rosa L. DeLauro (Democratic)Collin C. Peterson (Democratic)Anthony G. Brown (Democratic)Peter A. DeFazio (Democratic)Greg Stanton (Democratic)Ann M. Kuster (Democratic)André Carson (Democratic)John B. Larson (Democratic)Joaquin Castro (Democratic)Stephen F. Lynch (Democratic)Doris O. Matsui (Democratic)Dean Phillips (Democratic)Jahana Hayes (Democratic)James A. Himes (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Kathy Castor (Democratic)Eleanor Holmes Norton (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Jerry McNerney (Democratic)Peter Welch (Democratic)Earl Blumenauer (Democratic)Lori Trahan (Democratic)Elissa Slotkin (Democratic)Linda T. Sánchez (Democratic)Ed Perlmutter (Democratic)Jesús G. "Chuy" García (Democratic)Jason Crow (Democratic)Alcee L. Hastings (Democratic)Veronica Escobar (Democratic)Chellie Pingree (Democratic)Grace F. Napolitano (Democratic)Susan Wild (Democratic)

Education and Workforce Committee

Education

Related Bills

  • S 116-1845: If It's Good Enough For the Banks, It's Good Enough For Students Act
  • S 116-768: Bank on Students Emergency Loan Refinancing Act
  • HR 116-4674: College Affordability Act
  • HR 116-3102: HIGHER ED Act
  • HR 116-1707: Bank on Students Emergency Loan Refinancing Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Education programs fundingGovernment information and archivesGovernment lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs