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HR 649 114th Congress House

Student Loan Refinancing Act

Official title: To authorize borrowers of loans under the William D. Ford Federal Direct Loan Program to modify the interest rate of such loans to be equal to the interest rat… Show full official titleShow less

Official title: To authorize borrowers of loans under the William D. Ford Federal Direct Loan Program to modify the interest rate of such loans to be equal to the interest rate for such loans at the time of modification.

Introduced: February 2, 2015 Introduced by: Pocan, Mark Democratic · Wisconsin See on congress.gov
Education Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs
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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 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
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 Latest action April 29, 2015

Referred to the Subcommittee on Higher Education and Workforce Training.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 25
All 25 Democratic 24 Republican 1
D
Castor, Kathy
Florida · May 11, 2016
 D
Meng, Grace
New York · May 10, 2016
 D
Clarke, Yvette D.
New York · Apr 18, 2016
 D
Boyle, Brendan F.
Pennsylvania · Apr 12, 2016
 D
McCollum, Betty
Minnesota · Dec 9, 2015
 R
Grothman, Glenn
Wisconsin · Sep 30, 2015
 D
Moore, Gwen
Wisconsin · Jul 7, 2015
 D
Lieu, Ted
California · Jun 2, 2015
 D
Beatty, Joyce
Ohio · May 20, 2015
 D
Welch, Peter
Vermont · May 20, 2015
 D
Beyer, Donald S.
Virginia · May 13, 2015
 D
Doggett, Lloyd
Texas · May 13, 2015
 D
Lofgren, Zoe
California · May 13, 2015
 D
Peters, Scott H.
California · May 13, 2015
 D
Thompson, Bennie G.
Mississippi · Apr 30, 2015
 D
Matsui, Doris O.
California · Apr 21, 2015
 D
Vargas, Juan
California · Apr 21, 2015
 D
Meeks, Gregory W.
New York · Apr 15, 2015
 D
DeSaulnier, Mark
California · Mar 19, 2015
 D
McGovern, James P.
Massachusetts · Feb 13, 2015
 D
Brownley, Julia
California · Feb 2, 2015
 D
Chu, Judy
California · Feb 2, 2015
 D
Cohen, Steve
Tennessee · Feb 2, 2015
 D
Schakowsky, Janice D.
Illinois · Feb 2, 2015
 D
Wilson, Frederica S.
Florida · Feb 2, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 649: Student Loan Refinancing Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-649/
MLA
"H.R. 649: Student Loan Refinancing Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-649/.
Bluebook (legal)
H.R. 649, 114th Cong. (2026), https://openamerica.io/bill/114-HR-649/.
Markdown link
[H.R. 649: Student Loan Refinancing Act](https://openamerica.io/bill/114-HR-649/)
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