House Bill 4001
115th Congress(2017-2018)
Student Loan Refinancing and Recalculation Act
Introduced
Introduced in House on Oct 10, 2017
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
4001
Congress
115
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 amends 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) in order to give a borrower a fixed interest rate equal to the 10-year Treasury note rate plus one percentage point.
In addition, the bill allows borrowers in medical or dental internship or residency programs to defer student loan payments until the completion of their programs.
October 10, 2017
10/10/2017
Referred to the House Committee on Education and the Workforce.
10/10/2017
Sponsor introductory remarks on measure. (CR H7906)
10/10/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:27 PM