Zero-Percent Student Loan Refinancing 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.

D CourtneySponsor

11 cosponsors · 11 D

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

This bill establishes a temporary program through which the Department of Education (ED) must make interest-free refinancing loans to borrowers of federal student loans from August 1, 2021, through December 31, 2024.

What it does: CRS summary · Introduced in House · May 7, 2021

Zero-Percent Student Loan Refinancing Act

The bill requires ED to automatically refinance Federal Direct Loans and notify each borrower of the refinancing.

Borrowers who have other types of eligible loans (i.e., Federal Family Education Loans, Federal Perkins Loans, and certain health profession and nursing loans) must apply for refinancing. ED and the Consumer Financial Protection Bureau must carry out a campaign to notify borrowers of these types of loans that they are eligible to apply for refinancing under the program.

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

About this bill and sources

Official title: Zero-Percent Student Loan Refinancing Act

Latest action (May 7, 2021): Referred to the House Committee on Education and Labor.

Policy area: Education · Origin: House · Introduced: May 7, 2021

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

No recorded floor vote found.