Student Loan Relief Act of 2017

Summary

Student Loan Relief Act of 2017 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to cap the interest rate for new Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford Loans that are disbursement on or after July 1, 2018. Specifically, the bill caps the rates for: (1) undergraduate students at 4%, (2) graduate students at 5%, and (3) parents of undergraduates at 6%. In addition, the bill eliminates loan origination fees charged to students to process their loans. Finally, the bill establishes a program that allows eligible students with existing loans under the Federal Direct Loan program (a Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, a Federal Direct PLUS Loan, or a Federal Direct Consolidation Loan) to refinance their loans down to the lower rates offered to new federal borrowers in the 2017-2018 school year. The program must also allow students with loans under the Federal Family Education Loans program to refinance them as federal direct loans.

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Timeline

1. 25 July 2017

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 25 July 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 July 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 July 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 July 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 July 2017

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 25 July 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Castor, Kathy [D-FL-14] · D · Sponsor
• Rep. Soto, Darren [D-FL-9] · D · Sponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Cosponsor
• · hsed00 · Standing

Related records

• related to → Bank on Students Emergency Loan Refinancing Act
• related to → Bank on Students Emergency Loan Refinancing Act
• related to → Student Loan Relief Act of 2017
• related to ← Student Loan Refinancing and Recalculation Act