Student Loan Refinancing and Recalculation Act

Summary

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.

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Timeline

1. 16 March 2021

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

2. 16 March 2021

   Introduced

   Sponsor introductory remarks on measure. (CR E257)

   Source: IntroReferral

3. 16 March 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 March 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 March 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 March 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 March 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 March 2021

  Open at official source

Sponsors

• Rep. Garamendi, John [D-CA-8] · D · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Sponsor
• Brendan Boyle · D · Sponsor
• Cheri Bustos · D · Sponsor
• Rep. Carbajal, Salud O. [D-CA-24] · D · Sponsor
• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Rep. Meng, Grace [D-NY-6] · D · Sponsor
• Kathleen Rice · D · Sponsor
• Michael San Nicolas · D · Sponsor
• Albio Sires · D · Sponsor
• Paul Tonko · D · Sponsor
• Josh Harder · D · Sponsor
• Angie Craig · D · Sponsor
• John Katko · R · Sponsor
• Rep. Krishnamoorthi, Raja [D-IL-8] · D · Sponsor
• Vicente Gonzalez · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Cosponsor
• Filemon Vela · D · Cosponsor
• Sheila Jackson Lee · D · Cosponsor
• Bill Posey · R · Cosponsor
• Darren Soto · D · Cosponsor
• C. Ruppersberger · D · Cosponsor
• Abigail Spanberger · D · Cosponsor
• Norma Torres · D · Cosponsor
• Rep. Suozzi, Thomas R. [D-NY-3] · D · Cosponsor
• David Scott · D · Cosponsor
• Rep. Garbarino, Andrew R. [R-NY-2] · R · Cosponsor
• Rep. Ross, Deborah K. [D-NC-2] · D · Cosponsor
• MIKE DOYLE · D · Cosponsor
• Rep. Costa, Jim [D-CA-21] · D · Cosponsor
• Bradley Schneider · D · Cosponsor
• Rep. Doggett, Lloyd [D-TX-37] · D · Cosponsor
• · hsed00 · Standing

Related records

• related to ← Student Loan Tax Elimination Act
• related to ← Student Loan Refinancing and Recalculation Act