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HR 5274 114th Congress House

Student Loan Refinancing and Recalculation Act

Official title: To provide for the refinancing and recalculation of certain Federal student loans, and for other purposes.

Introduced: May 18, 2016 Introduced by: Garamendi, John Democratic · California See on congress.gov
Education Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costsUser charges and fees
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Jun 10, 2016
Sponsor introductory remarks on measure. (CR H3698-3699)
May 18, 2016
Referred to the House Committee on Education and the Workforce.
May 18, 2016
Introduced in House
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 Latest action September 19, 2016

Referred to the Subcommittee on Higher Education and Workforce Training.

 Plain-English summary Congressional Research Service

Student Loan Refinancing and Recalculation Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on Federal Direct Loans (DLs) and Federal Family Education Loans (FFELs).

A refinanced loan has a fixed interest rate equal to the 10-year Treasury note rate plus 1 percentage point.

Additionally, the bill modifies the formula to calculate interest rates on new Direct Subsidized, Unsubsidized, and PLUS Loans disbursed on or after July 1, 2017.

Finally, it eliminates the origination fee on Direct Subsidized, Unsubsidized, and PLUS Loans disbursed (and on Consolidation Loans applied for) after enactment of this bill.

 Related & companion bills 1
  • HR 1285 Related bill Eliminating the Hidden Student Loan Tax Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 11
All 11 Democratic 11
D
Boyle, Brendan F.
Pennsylvania · May 18, 2016
 D
Chu, Judy
California · May 18, 2016
 D
Costa, Jim
California · May 18, 2016
 D
DeLauro, Rosa L.
Connecticut · May 18, 2016
 D
DeSaulnier, Mark
California · May 18, 2016
 D
Doggett, Lloyd
Texas · May 18, 2016
 D
Huffman, Jared
California · May 18, 2016
 D
Matsui, Doris O.
California · May 18, 2016
 D
Meeks, Gregory W.
New York · May 18, 2016
 D
Thompson, Mike
California · May 18, 2016
 D
Tonko, Paul
New York · May 18, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5274: Student Loan Refinancing and Recalculation Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5274/
MLA
"H.R. 5274: Student Loan Refinancing and Recalculation Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5274/.
Bluebook (legal)
H.R. 5274, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5274/.
Markdown link
[H.R. 5274: Student Loan Refinancing and Recalculation Act](https://openamerica.io/bill/114-HR-5274/)
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