HR 649
114th Congress
House
Education
Government lending and loan guarantees
Higher education
Interest, dividends, interest rates
Student aid and college costs
Student Loan Refinancing Act
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2015
Referred to the Subcommittee on Higher Education and Workforce Training.
Feb 2, 2015
Referred to the House Committee on Education and the Workforce.
Feb 2, 2015
Introduced in House
Plain-English summary
Student Loan Refinancing Act
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a loan under the William D. Ford Federal Direct Loan program to modify the interest rate on such a loan so that its interest rate is equal to the interest rate it would bear if first disbursed at the time of modification.
Fixes that interest rate for the life of the loan, unless the borrower elects to modify it again.
What's happening now
Referred to the Subcommittee on Higher Education and Workforce Training.
Committees of jurisdiction
2