HR 1614
115th 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
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2017
Referred to the House Committee on Education and the Workforce.
Mar 17, 2017
Introduced in House
Plain-English summary
Student Loan Refinancing Act
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a Federal Direct Loan program loan to modify the interest rate on such a loan to the current applicable rate. That interest rate is fixed for the life of the loan, unless the borrower elects to modify it again.
What's happening now
Referred to the House Committee on Education and the Workforce.
Committees of jurisdiction
1