Student Loan Refinancing Act
118-HR-4139118th CongressIntroduced Jun 14, 2023Education
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Education and the Workforce.
Sponsor
Rep. Turner, Michael R. [R-OH-10](R-OH-10)3 cosponsors
Summary
Student Loan Refinancing Act
This bill establishes a refinancing program for federal student loans.
Specifically, the Department of Education (ED) must, within 30 days, establish a program that allows borrowers to refinance their federal student loans down to lower interest rates. The 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 requires ED to coordinate with the Consumer Financial Protection Bureau to alert borrowers of their program eligibility.
Actions (3)
Referred to the House Committee on Education and the Workforce.
Jun 14, 2023House floor actions
Introduced in House
Jun 14, 2023Library of Congress
Introduced in House
Jun 14, 2023Library of Congress