H.R. 6397 · 116th Congress
Coronavirus Emergency Student Loan Refinancing Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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Rose40 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill establishes refinancing programs for federal and private student loans.
What it does: CRS summary · Introduced in House · Mar 26, 2020
Coronavirus Emergency Student Loan Refinancing Act
This bill establishes refinancing programs for federal and private student loans.
Specifically, the bill establishes a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. Such refinanced interest rates are (1) calculated based on the type of student loan (e.g., Stafford), and (2) fixed for the period of the loan.
In addition, the bill creates the Federal Direct Refinanced Private Loan as a new type of loan. Such loans allow qualified borrowers to refinance their private education loans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Coronavirus Emergency Student Loan Refinancing Act
Latest action (Mar 26, 2020): Referred to the House Committee on Education and Labor.
Policy area: Education · Origin: House · Introduced: Mar 26, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.