Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020 This bill establishes refinancing programs for federal and private student loans. Specifically, it allows certain borrowers to refinance their federal student loans down to lower interest rates, and creates the Federal Direct Refinanced Private Loan to allow certain borrowers to refinance their private student loans.
Congressional oversightCredit and credit marketsEducation programs fundingGovernment information and archivesGovernment lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs
Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020
USA116th CongressHR-7449| House
| Updated: 7/1/2020
Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020 This bill establishes refinancing programs for federal and private student loans. Specifically, it allows certain borrowers to refinance their federal student loans down to lower interest rates, and creates the Federal Direct Refinanced Private Loan to allow certain borrowers to refinance their private student loans.
Congressional oversightCredit and credit marketsEducation programs fundingGovernment information and archivesGovernment lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs