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S 4344 117th Congress Senate Education

Zero-Percent Student Loan Refinancing Act

Introduced: May 26, 2022 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 26, 2022
Introduced in Senate
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 Plain-English summary Congressional Research Service

Zero-Percent Student Loan Refinancing Act

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

Specifically, the bill establishes a program through which the Department of Education (ED) must make interest-free refinancing loans to borrowers of federal student loans from August 1, 2022, through December 31, 2025.

The bill requires ED to automatically refinance Federal Direct Loans and notify each borrower of the refinancing.

Borrowers who have other types of eligible loans (i.e., Federal Family Education Loans, Federal Perkins Loans, and certain health profession and nursing loans) must apply for refinancing.

The bill also creates the Federal Direct Refinanced Private Loan to allow certain borrowers to refinance their private student loans. Borrowers must apply for refinancing between August 1, 2022, and December 31, 2025.

What's happening now May 26, 2022

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Related & companion bills 1
  • HR 3024 Related bill Zero-Percent Student Loan Refinancing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 4344: Zero-Percent Student Loan Refinancing Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4344/
MLA
"S. 4344: Zero-Percent Student Loan Refinancing Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4344/.
Bluebook (legal)
S. 4344, 117th Cong. (2026), https://openamerica.io/bill/117-S-4344/.
Markdown link
[S. 4344: Zero-Percent Student Loan Refinancing Act](https://openamerica.io/bill/117-S-4344/)
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