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HR 5710 118th Congress House Education

Student Loan Refinancing and Recalculation Act

Introduced: January 10, 2024 Introduced by: Garamendi, John Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Sep 26, 2023
Referred to the House Committee on Education and the Workforce.
Sep 26, 2023
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.

The bill also terminates interest capitalization for federal student loans.

What's happening now September 26, 2023

Referred to the House Committee on Education and the Workforce.

 Related & companion bills 4
  • HR 1202 Related bill REDI Act
  • HR 1842 Related bill Student Loan Tax Elimination Act
  • S 704 Related bill REDI Act
  • S 1004 Related bill Student Loan Tax Elimination Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Democratic 9 Republican 1
D
Gonzalez, Vicente
Texas · Jan 10, 2024
Kuster, Ann
· Jan 10, 2024
 D
Scholten, Hillary J.
Michigan · Dec 19, 2023
 D
Harder, Josh
California · Nov 14, 2023
 D
Ross, Deborah K.
North Carolina · Nov 14, 2023
 D
Pingree, Chellie
Maine · Oct 25, 2023
 D
Krishnamoorthi, Raja
Illinois · Oct 17, 2023
 D
Boyle, Brendan F.
Pennsylvania · Oct 6, 2023
 D
Doggett, Lloyd
Texas · Oct 6, 2023
 D
Norton, Eleanor Holmes
District of Columbia · Oct 6, 2023
 R
Fitzpatrick, Brian K.
Pennsylvania · Sep 26, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5710: Student Loan Refinancing and Recalculation Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5710/
MLA
"H.R. 5710: Student Loan Refinancing and Recalculation Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5710/.
Bluebook (legal)
H.R. 5710, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5710/.
Markdown link
[H.R. 5710: Student Loan Refinancing and Recalculation Act](https://openamerica.io/bill/118-HR-5710/)
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