3.0.0 2050 2023-01-11T13:29:45Z 2023-01-11T13:29:45Z Senate S 2015-09-17 114 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2015-09-17T18:28:13Z 2015-09-17 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2015-09-17 Introduced in Senate IntroReferral 10000 9 Library of Congress H001069 Sen. Heitkamp, Heidi [D-ND] Heidi Heitkamp D ND N Education Congressional oversight Government lending and loan guarantees Higher education Interest, dividends, interest rates Rural conditions and development Student aid and college costs Education 00 2015-09-17 Introduced in Senate 2016-07-05T19:51:59Z Private Education Loan Modification Act of 2015

This bill temporarily authorizes the Department of the Treasury to establish credit facilities, at no net cost to the federal government, to refinance private student loans to ensure lower interest rates for borrowers. Treasury must first determine that existing borrowers are unable to secure adequate credit accommodations to refinance private student loans.

The bill directs Treasury to conduct a national awareness campaign to alert private student loan borrowers who may benefit.

It expresses the sense of the Congress that federal financial institutions and federally chartered private entities should assist borrowers in refinancing existing private student loans.

]]> Private Education Loan Modification Act of 2015 Display Title Private Education Loan Modification Act of 2015 Official Title as Introduced A bill to provide for the establishment of a mechanism to allow borrowers of private education loans to refinance their loans, and for other purposes. Introduced in Senate IS Short Titles as Introduced Private Education Loan Modification Act of 2015 Introduced in Senate 2015-09-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2050is/xml/BILLS-114s2050is.xml 2015-09-17 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.