3.0.0 4344 2023-08-17T21:30:21Z 2023-08-17T21:30:21Z Senate S 2022-05-26 117 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2022-05-26T20:12:25Z Zero-Percent Student Loan Refinancing Act 117 3024 HR 2021-05-07 Referred to the House Committee on Education and Labor. Related bill CRS 2022-05-26 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2022-05-26 Introduced in Senate IntroReferral 10000 9 Library of Congress W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI N Education Education 00 2022-05-26 Introduced in Senate 2023-08-17T21:28:52Z Zero-Percent Student Loan Refinancing Act

This bill establishes temporary refinancing programs for federal and private student loans.

Specifically, the bill establishes a program through which the Department of Education (ED) must make interest-free refinancing loans to borrowers of federal student loans from August 1, 2022, through December 31, 2025.

The bill requires ED to automatically refinance Federal Direct Loans and notify each borrower of the refinancing.

Borrowers who have other types of eligible loans (i.e., Federal Family Education Loans, Federal Perkins Loans, and certain health profession and nursing loans) must apply for refinancing.

The bill also creates the Federal Direct Refinanced Private Loan to allow certain borrowers to refinance their private student loans. Borrowers must apply for refinancing between August 1, 2022, and December 31, 2025.

]]> Zero-Percent Student Loan Refinancing Act Display Title Zero-Percent Student Loan Refinancing Act Short Title(s) as Introduced Zero-Percent Student Loan Refinancing Act Introduced in Senate IS Official Title as Introduced A bill to establish a temporary program for the refinancing of certain Federal and private student loans, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-05-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4344is/xml/BILLS-117s4344is.xml 2022-05-26 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.