Student Loan Refinancing Act

Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

MPD PocanSponsor

58 cosponsors · 55 D, 3 R

JBD Brownley DBD Beyer BBD Boyle JCD Conyers KCD Castor YCD Clarke JCD Chu MCD Cartwright KED Ellison GGR Grothman BHD Higgins RKD Kind DKD Kilmer DLD Loebsack ALD Lowenthal TLD Lieu JMD McGovern GMD Meeks BMD McCollum GMD Moore RND Nolan GND Napolitano EPD Perlmutter DPD Payne BRD Rush LSD Slaughter KSD Schrader ESD Swalwell BTD Thompson PWD Welch FWD Wilson JKR Katko JBD Beatty RGD Grijalva BLD Lee MDD DeSaulnier RKD Khanna TSD Sewell TCD Cárdenas DWD Wasserman Schultz ABD Brown SJD Jackson Lee PJD Jayapal JRD Raskin AMD McEachin SPD Peters ZLD Lofgren CPD Pingree BWD Watson Coleman RLD Larsen MCR Coffman GMD Meng BOD O’Rourke SCD Cohen ASD Schiff VGD Gonzalez FVD Vela JRD Rosen

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

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a Federal Direct Loan program loan to modify the interest rate on such a loan to the current applicable rate. That interest rate is fixed for the life of the loan, unless the borrower elects to modify it again.