HR 6397
116th Congress
House
Education
Education programs funding
Government information and archives
Government lending and loan guarantees
Higher education
Interest, dividends, interest rates
Student aid and college costs
Coronavirus Emergency Student Loan Refinancing Act
Introduced: March 26, 2020
Introduced by:
Courtney, Joe
Democratic
· Connecticut
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Education and Labor.
Committees of jurisdiction
1