H.R. 1918 · 117th Congress
Student Loan Refinancing and Recalculation Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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GaramendiSponsor31 cosponsors · 27 D, 4 R
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Bustos
BB
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Boyle
SC
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Cohen
SC
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Carbajal
AC
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Craig
BF
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Fitzpatrick
VG
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Gonzalez
JH
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Harder
JK
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Katko
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Krishnamoorthi
GM
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Meng
KR
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Rice
AS
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Sires
MS
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San Nicolas
PT
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Tonko
CP
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Pingree
SJ
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Jackson Lee
BP
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Posey
CR
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Ruppersberger
DS
D
Soto
AS
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Spanberger
FV
D
Vela
TS
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Suozzi
NT
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Torres
DS
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Scott
AG
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Garbarino
DR
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Ross
MD
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Doyle
JC
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Costa
BS
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Schneider
LD
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Doggett15 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill provides for the refinancing or deferral of certain federal student loans.
What it does: CRS summary · Introduced in House · Mar 16, 2021
Student Loan Refinancing and Recalculation Act
This bill provides for the refinancing or deferral of certain federal student loans.
Specifically, the bill directs the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on federal student loans in order to give borrowers fixed interest rates equal to the 10-year Treasury note rate plus one percentage point. Further, the bill eliminates origination fees on the loans.
In addition, the bill allows borrowers in medical, veterinary, or dental internship or residency programs to defer student loan payments until the completion of their programs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Student Loan Refinancing and Recalculation Act
Latest action (Mar 16, 2021): Referred to the House Committee on Education and Labor.
Policy area: Education · Origin: House · Introduced: Mar 16, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.