118th Congress Education
H.R. 4139: Student Loan Refinancing Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill establishes a refinancing program for federal student loans.
Specifically, the Department of Education (ED) must, within 30 days, establish a program that allows borrowers to refinance their federal student loans down to lower interest rates. The 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 requires ED to coordinate with the Consumer Financial Protection Bureau to alert borrowers of their program eligibility.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Lloyd Doggett D-TXOriginal
- Brian Fitzpatrick R-PAOriginal
- Donald Norcross D-NJOriginal
Who scored on this bill
- 1Michael Turner SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by Michael Turner
History
- Introduced in the House by Michael Turner.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Education and the Workforce.