Student Loan Refinancing Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D PocanSponsor

52 cosponsors · 49 D, 3 R

10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a loan under the William D. Ford Federal Direct Loan program to modify the interest rate on such a loan so that its interest rate is equal to the interest rate it would bear if first disbursed at the time of modification.

What it does: CRS summary · Introduced in House · Feb 2, 2015

Student Loan Refinancing Act

Fixes that interest rate for the life of the loan, unless the borrower elects to modify it again.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Student Loan Refinancing Act

Latest action (Apr 29, 2015): Referred to the Subcommittee on Higher Education and Workforce Training.

Policy area: Education · Origin: House · Introduced: Feb 2, 2015

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.