United States · Bill · HR
H.R. 5274 (114th)
Student Loan Refinancing and Recalculation Act
Introduced
18 May 2016
Last action
19 September 2016 · Referred
Status
Referred to the Subcommittee on Higher Education and Workforce Training.
Sponsors
Rep. Garamendi, John [D-CA-8], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Tonko, Paul [D-NY-20], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Bass, Karen [D-CA-37], Rep. Kuster, Ann M. [D-NH-2], Rep. Connolly, Gerald E. [D-VA-11], Rep. Conyers, John, Jr. [D-MI-13], Rep. Kirkpatrick, Ann [D-AZ-2], Rep. Thompson, Mike [D-CA-4], Rep. Honda, Michael M. [D-CA-15], Rep. Matsui, Doris O. [D-CA-7], Rep. Cicilline, David N. [D-RI-1], Rep. Israel, Steve [D-NY-3], Rep. McNerney, Jerry [D-CA-9], Rep. Doggett, Lloyd [D-TX-37], Rep. Huffman, Jared [D-CA-2], Rep. Hahn, Janice [D-CA-44], Rep. Costa, Jim [D-CA-21], Rep. Boyle, Brendan F. [D-PA-2], Rep. Nolan, Richard M. [D-MN-8], Rep. Chu, Judy [D-CA-28], Del. Bordallo, Madeleine Z. [D-GU-At Large], Rep. Bustos, Cheri [D-IL-17], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Lowenthal, Alan S. [D-CA-47], Rep. DeSaulnier, Mark [D-CA-10], Rep. McDermott, Jim [D-WA-7], Rep. Lee, Barbara [D-CA-12], Rep. Meeks, Gregory W. [D-NY-5], Rep. Reed, Tom [R-NY-23]
Subjects
Education
Source updated
23 March 2026
Summary
Student Loan Refinancing and Recalculation Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on Federal Direct Loans (DLs) and Federal Family Education Loans (FFELs). A refinanced loan has a fixed interest rate equal to the 10-year Treasury note rate plus 1 percentage point. Additionally, the bill modifies the formula to calculate interest rates on new Direct Subsidized, Unsubsidized, and PLUS Loans disbursed on or after July 1, 2017. Finally, it eliminates the origination fee on Direct Subsidized, Unsubsidized, and PLUS Loans disbursed (and on Consolidation Loans applied for) after enactment of this bill.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
18 May 2016
Introduced
Referred to the House Committee on Education and the Workforce.
Source: IntroReferral
18 May 2016
Introduced
Introduced in House
Source: IntroReferral
18 May 2016
Introduced
Introduced in House
Source: IntroReferral
10 June 2016
Introduced
Sponsor introductory remarks on measure. (CR H3698-3699)
Source: IntroReferral
19 September 2016
Referred
Referred to the Subcommittee on Higher Education and Workforce Training.
Source: Committee
Votes
No vote records are attached yet.
Versions
- Introduced in House · 18 May 2016 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 18 May 2016
Introduced in House (PDF)
Introduced in House · EN · 18 May 2016
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Introduced in House
summary · EN · 18 May 2016
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Sponsors
- Rep. Garamendi, John [D-CA-8] · D · Sponsor
- Rep. Slaughter, Louise McIntosh [D-NY-25] · D · Sponsor
- Rep. Tonko, Paul [D-NY-20] · D · Sponsor
- Rep. DeLauro, Rosa L. [D-CT-3] · D · Sponsor
- Rep. Bass, Karen [D-CA-37] · D · Sponsor
- Rep. Kuster, Ann M. [D-NH-2] · D · Sponsor
- Rep. Connolly, Gerald E. [D-VA-11] · D · Sponsor
- Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
- Rep. Kirkpatrick, Ann [D-AZ-2] · D · Sponsor
- Rep. Thompson, Mike [D-CA-4] · D · Sponsor
- Rep. Honda, Michael M. [D-CA-15] · D · Sponsor
- Rep. Matsui, Doris O. [D-CA-7] · D · Sponsor
- Rep. Cicilline, David N. [D-RI-1] · D · Sponsor
- Rep. Israel, Steve [D-NY-3] · D · Sponsor
- Rep. McNerney, Jerry [D-CA-9] · D · Sponsor
- Rep. Doggett, Lloyd [D-TX-37] · D · Sponsor
- Rep. Huffman, Jared [D-CA-2] · D · Sponsor
- Rep. Hahn, Janice [D-CA-44] · D · Sponsor
- Rep. Costa, Jim [D-CA-21] · D · Sponsor
- Rep. Boyle, Brendan F. [D-PA-2] · D · Sponsor
- Rep. Nolan, Richard M. [D-MN-8] · D · Sponsor
- Rep. Chu, Judy [D-CA-28] · D · Sponsor
- Del. Bordallo, Madeleine Z. [D-GU-At Large] · D · Sponsor
- Rep. Bustos, Cheri [D-IL-17] · D · Sponsor
- Rep. Roybal-Allard, Lucille [D-CA-40] · D · Sponsor
- Rep. Lowenthal, Alan S. [D-CA-47] · D · Sponsor
- Rep. DeSaulnier, Mark [D-CA-10] · D · Sponsor
- Rep. McDermott, Jim [D-WA-7] · D · Sponsor
- Rep. Lee, Barbara [D-CA-12] · D · Sponsor
- Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
- Rep. Reed, Tom [R-NY-23] · R · Cosponsor
- · hsed00 · Standing
Related records
- related to → Eliminating the Hidden Student Loan Tax Act
- related to → Student Loan Refinancing and Recalculation Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/house-bill/5274
- Open data entity: https://api.congress.gov/v3/bill/114/hr/5274
- us · 114-hr-5274 · source updated 23 March 2026