This legislative proposal seeks to amend the Servicemembers Civil Relief Act (SCRA) to provide additional financial protections for servicemembers. Currently, the SCRA limits interest rates to 6 percent per year on debts incurred by servicemembers before entering military service. The bill expands this crucial protection by applying the same 6 percent interest rate cap to specific new obligations. Specifically, the amendment extends the 6 percent interest rate limitation to debt incurred during military service if that debt is used to consolidate or refinance student loans . This applies only when the original student loans were incurred before the servicemember began their military service. The bill defines "student loan" broadly to include both federal student loans under Title IV of the Higher Education Act and private education loans. These changes aim to alleviate financial burdens for servicemembers managing student loan debt while serving.