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H.R. 6397 116th Congress House

Coronavirus Emergency Student Loan Refinancing Act

Official title: To amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes.

Introduced: March 26, 2020 Introduced by: Joe Courtney Democratic · Connecticut See on congress.gov
Education Education programs fundingGovernment information and archivesGovernment lending and loan guaranteesHigher education
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Interest, dividends, interest ratesStudent aid and college costs
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2020
Referred to the House Committee on Education and Labor.
Mar 26, 2020
Introduced in House
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 Latest action March 26, 2020

Referred to the House Committee on Education and Labor.

 Plain-English summary Congressional Research Service

Coronavirus Emergency Student Loan Refinancing Act

This bill establishes refinancing programs for federal and private student loans.

Specifically, the bill establishes a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. Such 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 creates the Federal Direct Refinanced Private Loan as a new type of loan. Such loans allow qualified borrowers to refinance their private education loans.

 Related & companion bills 5
  • HR 1707 Bank on Students Emergency Loan Refinancing Act
  • HR 3102 HIGHER ED Act
  • HR 4674 College Affordability Act
  • S 768 Bank on Students Emergency Loan Refinancing Act
  • S 1845 If It's Good Enough For the Banks, It's Good Enough For Students Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 60
All 60 Democratic 33
Rose, Max
· May 1, 2020
 D
Castor, Kathy
Florida · Apr 10, 2020
Eshoo, Anna
· Apr 10, 2020
 D
Luján, Ben Ray
New Mexico · Apr 10, 2020
 D
Pingree, Chellie
Maine · Apr 10, 2020
 D
Trahan, Lori
Massachusetts · Apr 10, 2020
Wild, Susan
· Apr 10, 2020
 D
Carson, André
Indiana · Apr 3, 2020
 D
Castro, Joaquin
Texas · Apr 3, 2020
 D
Cohen, Steve
Tennessee · Apr 3, 2020
 D
García, Jesús G. "Chuy"
Illinois · Apr 3, 2020
 D
Grijalva, Raúl M.
Arizona · Apr 3, 2020
Haaland, Debra
· Apr 3, 2020
HASTINGS, ALCEE
· Apr 3, 2020
 D
Kaptur, Marcy
Ohio · Apr 3, 2020
Kuster, Ann
· Apr 3, 2020
 D
Matsui, Doris O.
California · Apr 3, 2020
 D
McGovern, James P.
Massachusetts · Apr 3, 2020
Napolitano, Grace
· Apr 3, 2020
 D
Wilson, Frederica S.
Florida · Apr 3, 2020
Bass, Karen
· Mar 26, 2020
Blumenauer, Earl
· Mar 26, 2020
Brown, Anthony
· Mar 26, 2020
Cárdenas, Tony
· Mar 26, 2020
Cicilline, David
· Mar 26, 2020
 D
Cisneros, Gilbert Ray
California · Mar 26, 2020
 D
Crow, Jason
Colorado · Mar 26, 2020
DEFAZIO, PETER
· Mar 26, 2020
 D
DeLauro, Rosa L.
Connecticut · Mar 26, 2020
 D
DelBene, Suzan K.
Washington · Mar 26, 2020
 D
Dingell, Debbie
Michigan · Mar 26, 2020
DOYLE, MIKE
· Mar 26, 2020
 D
Escobar, Veronica
Texas · Mar 26, 2020
 D
Foster, Bill
Illinois · Mar 26, 2020
 D
Hayes, Jahana
Connecticut · Mar 26, 2020
 D
Himes, James A.
Connecticut · Mar 26, 2020
Kilmer, Derek
· Mar 26, 2020
 D
Larson, John B.
Connecticut · Mar 26, 2020
Lee, Barbara
· Mar 26, 2020
 D
Lynch, Stephen F.
Massachusetts · Mar 26, 2020
McNerney, Jerry
· Mar 26, 2020
 D
Norton, Eleanor Holmes
District of Columbia · Mar 26, 2020
Payne, Donald
· Mar 26, 2020
Perlmutter, Ed
· Mar 26, 2020
 D
Peters, Scott H.
California · Mar 26, 2020
PETERSON, COLLIN
· Mar 26, 2020
Phillips, Dean
· Mar 26, 2020
RUSH, BOBBY
· Mar 26, 2020
RYAN, TIM
· Mar 26, 2020
 D
Sánchez, Linda T.
California · Mar 26, 2020
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6397: Coronavirus Emergency Student Loan Refinancing Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6397/
MLA
"H.R. 6397: Coronavirus Emergency Student Loan Refinancing Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6397/.
Bluebook (legal)
H.R. 6397, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6397/.
Markdown link
[H.R. 6397: Coronavirus Emergency Student Loan Refinancing Act](https://openamerica.io/bill/116-HR-6397/)
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