To provide for the refinancing and recalculation of certain Federal student loans, and for other purposes.
USA115th CongressHR-4001| House
| Updated: 10/10/2017
John Garamendi
Democratic Representative
California
Cosponsors (28)
John Katko (Republican)Richard M. Nolan (Democratic)Mark Pocan (Democratic)Darren Soto (Democratic)Madeleine Z. Bordallo (Democratic)Steve Cohen (Democratic)Paul Tonko (Democratic)Lucille Roybal-Allard (Democratic)Vicente Gonzalez (Democratic)Alan S. Lowenthal (Democratic)Ann M. Kuster (Democratic)André Carson (Democratic)Brendan F. Boyle (Democratic)Mark DeSaulnier (Democratic)Gregory W. Meeks (Democratic)Raja Krishnamoorthi (Democratic)Filemon Vela (Democratic)Eleanor Holmes Norton (Democratic)Henry Cuellar (Democratic)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Jerry McNerney (Democratic)Brian K. Fitzpatrick (Republican)Grace Meng (Democratic)Cheri Bustos (Democratic)Lloyd Doggett (Democratic)Chellie Pingree (Democratic)Judy Chu (Democratic)
Education and Workforce Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Student Loan Refinancing and Recalculation Act This bill amends the Higher Education Act of 1965 to direct the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on Federal Direct Loans (DLs) and Federal Family Education Loans (FFELs) in order to give a borrower a fixed interest rate equal to the 10-year Treasury note rate plus one percentage point. In addition, the bill allows borrowers in medical or dental internship or residency programs to defer student loan payments until the completion of their programs.
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Timeline
Introduced in House
Referred to the House Committee on Education and the Workforce.
Sponsor introductory remarks on measure. (CR H7906)
Education
Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesMedical educationStudent aid and college costsUser charges and fees
To provide for the refinancing and recalculation of certain Federal student loans, and for other purposes.
USA115th CongressHR-4001| House
| Updated: 10/10/2017
Student Loan Refinancing and Recalculation Act This bill amends the Higher Education Act of 1965 to direct the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on Federal Direct Loans (DLs) and Federal Family Education Loans (FFELs) in order to give a borrower a fixed interest rate equal to the 10-year Treasury note rate plus one percentage point. In addition, the bill allows borrowers in medical or dental internship or residency programs to defer student loan payments until the completion of their programs.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Education and the Workforce.
Sponsor introductory remarks on measure. (CR H7906)
John Garamendi
Democratic Representative
California
Cosponsors (28)
John Katko (Republican)Richard M. Nolan (Democratic)Mark Pocan (Democratic)Darren Soto (Democratic)Madeleine Z. Bordallo (Democratic)Steve Cohen (Democratic)Paul Tonko (Democratic)Lucille Roybal-Allard (Democratic)Vicente Gonzalez (Democratic)Alan S. Lowenthal (Democratic)Ann M. Kuster (Democratic)André Carson (Democratic)Brendan F. Boyle (Democratic)Mark DeSaulnier (Democratic)Gregory W. Meeks (Democratic)Raja Krishnamoorthi (Democratic)Filemon Vela (Democratic)Eleanor Holmes Norton (Democratic)Henry Cuellar (Democratic)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Jerry McNerney (Democratic)Brian K. Fitzpatrick (Republican)Grace Meng (Democratic)Cheri Bustos (Democratic)Lloyd Doggett (Democratic)Chellie Pingree (Democratic)Judy Chu (Democratic)
Education and Workforce Committee
Education
Related Bills
- S 115-1162: A bill to amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes.
- HR 115-2477: To amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes.
- HR 115-3346: To provide for the refinancing and recalculation of certain Federal student loans, and for other purposes.
- S 115-1521: A bill to amend the Higher Education Act of 1965 to reduce the interest rate caps for Federal Direct student loans, to eliminate loan origination fees on all Federal Direct student loans, and to provide for refinancing of Federal Direct student loans and Federal family education loans.
- HR 115-3390: To amend the Higher Education Act of 1965 to reduce the interest rate caps for Federal Direct student loans, to eliminate loan origination fees on all Federal Direct student loans, and to provide for refinancing of Federal Direct student loans and Federal family education loans.
- HR 115-3835: To amend the Higher Education Act of 1965 to eliminate origination fees for Federal Direct Loans.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesMedical educationStudent aid and college costsUser charges and fees