3.0.0 603 2023-03-08T20:12:14Z 2023-03-08T20:12:14Z Senate S 2021-03-04 117 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2021-03-04T21:39:16Z Student Loan Refinancing Act 117 5084 HR 2021-08-23 Referred to the House Committee on Education and Labor. Related bill CRS HIGHER ED Act 117 6424 HR 2022-11-01 Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. Related bill CRS 2021-03-04 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2021-03-04 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N Education Education programs funding Government information and archives Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2021-03-04 Introduced in Senate 2021-05-12T21:40:36Z Coronavirus Emergency Student Loan Refinancing Act

This bill establishes a refinancing program for federal student loans.

Specifically, the Department of Education (ED) must, within 30 days, establish a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. The refinanced interest rates are (1) calculated based on the type of student loan (e.g., Stafford), and (2) fixed for the period of the loan.

In addition, the bill requires ED to establish eligibility requirements for the refinancing program based on income or debt-to-income ratio. ED must also coordinate with the Consumer Financial Protection Bureau to alert borrowers of their program eligibility.

]]> Coronavirus Emergency Student Loan Refinancing Act Display Title Coronavirus Emergency Student Loan Refinancing Act Official Title as Introduced A bill to amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Coronavirus Emergency Student Loan Refinancing Act Introduced in Senate IS Introduced in Senate 2021-03-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s603is/xml/BILLS-117s603is.xml 2021-03-04 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.