Student Loan Refinancing Act This bill allows a borrower of a Federal Direct Loan to modify the interest rate on the loan to the current applicable rate. The interest rate shall be fixed for the life of the loan, unless the borrower elects to modify it again.
Referred to the House Committee on Education and Labor.
Education
Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs
Student Loan Refinancing Act
USA117th CongressHR-2160| House
| Updated: 3/23/2021
Student Loan Refinancing Act This bill allows a borrower of a Federal Direct Loan to modify the interest rate on the loan to the current applicable rate. The interest rate shall be fixed for the life of the loan, unless the borrower elects to modify it again.