United States · Bill · S
S. 1521 (115th)
Student Loan Relief Act of 2017
Introduced
10 July 2017
Last action
10 July 2017 · Introduced
Status
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S3886-3887)
Sponsors
Sen. Nelson, Bill [D-FL]
Subjects
Education
Source updated
5 December 2025
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
10 July 2017
Introduced
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S3886-3887)
Source: IntroReferral
10 July 2017
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 10 July 2017 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 10 July 2017
Introduced in Senate (PDF)
Introduced in Senate · EN · 10 July 2017
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Introduced in Senate
summary · EN · 10 July 2017
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Nelson, Bill [D-FL] · D · Sponsor
- · sshr00 · 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
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/1521
- Open data entity: https://api.congress.gov/v3/bill/115/s/1521
- us · 115-s-1521 · source updated 5 December 2025