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HR 1918 117th Congress House Education Government lending and loan guarantees Higher education Interest, dividends, interest rates Medical education Student aid and college costs User charges and fees

Student Loan Refinancing and Recalculation Act

Introduced: May 4, 2021 Introduced by: Garamendi, John Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 16, 2021
Referred to the House Committee on Education and Labor.
Mar 16, 2021
Sponsor introductory remarks on measure. (CR E257)
Mar 16, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Student Loan Refinancing and Recalculation Act

This bill provides for the refinancing or deferral of certain federal student loans.

Specifically, the bill directs the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on federal student loans in order to give borrowers fixed interest rates equal to the 10-year Treasury note rate plus one percentage point. Further, the bill eliminates origination fees on the loans.

In addition, the bill allows borrowers in medical, veterinary, or dental internship or residency programs to defer student loan payments until the completion of their programs.

What's happening now March 16, 2021

Referred to the House Committee on Education and Labor.

 Related & companion bills 1
  • S 847 Related bill Student Loan Tax Elimination Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 26
All 26 Democratic 17 Republican 2
D
Doggett, Lloyd
Texas · Apr 21, 2022
 D
Schneider, Bradley Scott
Illinois · Mar 31, 2022
 D
Costa, Jim
California · Feb 1, 2022
DOYLE, MIKE
· Oct 20, 2021
 D
Ross, Deborah K.
North Carolina · Jun 25, 2021
 R
Garbarino, Andrew R.
New York · Jun 15, 2021
 D
Suozzi, Thomas R.
New York · May 13, 2021
 D
Torres, Norma J.
California · May 13, 2021
Ruppersberger, C.
· May 4, 2021
 D
Soto, Darren
Florida · May 4, 2021
Vela, Filemon
· May 4, 2021
 D
Pingree, Chellie
Maine · Mar 26, 2021
 D
Boyle, Brendan F.
Pennsylvania · Mar 16, 2021
Bustos, Cheri
· Mar 16, 2021
 D
Carbajal, Salud O.
California · Mar 16, 2021
 D
Cohen, Steve
Tennessee · Mar 16, 2021
 D
Craig, Angie
Minnesota · Mar 16, 2021
 R
Fitzpatrick, Brian K.
Pennsylvania · Mar 16, 2021
 D
Gonzalez, Vicente
Texas · Mar 16, 2021
 D
Harder, Josh
California · Mar 16, 2021
Katko, John
· Mar 16, 2021
 D
Krishnamoorthi, Raja
Illinois · Mar 16, 2021
 D
Meng, Grace
New York · Mar 16, 2021
Rice, Kathleen
· Mar 16, 2021
Sires, Albio
· Mar 16, 2021
 D
Tonko, Paul
New York · Mar 16, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1918: Student Loan Refinancing and Recalculation Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1918/
MLA
"H.R. 1918: Student Loan Refinancing and Recalculation Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1918/.
Bluebook (legal)
H.R. 1918, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1918/.
Markdown link
[H.R. 1918: Student Loan Refinancing and Recalculation Act](https://openamerica.io/bill/117-HR-1918/)
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