House Bill 1918
117th Congress(2021-2022)
Student Loan Refinancing and Recalculation Act
Introduced
Introduced in House on Mar 16, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1918
Congress
117
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
No House votes have been held for this bill.
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.
March 16, 2021
03/16/2021
Referred to the House Committee on Education and Labor.
03/16/2021
Sponsor introductory remarks on measure. (CR E257)
03/16/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:14 PM