# 114-hr-5274: Student Loan Refinancing and Recalculation Act

114-hr-5274, Student Loan Refinancing and Recalculation Act, is a 114th Congress bill sponsored by Rep. Garamendi, John [D-CA-8] (D-CA); status Referred to the Subcommittee on Higher Education and Workforce Training. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5274
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5274
- Congress: 114
- Title: Student Loan Refinancing and Recalculation Act
- Status: Referred to the Subcommittee on Higher Education and Workforce Training.
- Introduced: 2016-05-18
- Sponsor: Rep. Garamendi, John [D-CA-8] (D-CA)
- Cosponsors: 30
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Student Loan Refinancing and Recalculation Act This bill amends title IV (Student Assistance) of 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). A refinanced loan has a fixed interest rate equal to the 10-year Treasury note rate plus 1 percentage point. Additionally, the bill modifies the formula to calculate interest rates on new Direct Subsidized, Unsubsidized, and PLUS Loans disbursed on or after July 1, 2017. Finally, it eliminates the origination fee on Direct Subsidized, Unsubsidized, and PLUS Loans disbursed (and on Consolidation Loans applied for) after enactment of this bill.

## Cosponsors (30)

- LOUISE SLAUGHTER (D-NY), 2016-05-18T00:00:00.000Z
- Rep. Tonko, Paul [D-NY-20] (D-NY), 2016-05-18T00:00:00.000Z
- Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), 2016-05-18T00:00:00.000Z
- Rep. Bass, Karen [D-CA-37] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Kuster, Ann M. [D-NH-2] (D-NH), 2016-05-18T00:00:00.000Z
- Rep. Connolly, Gerald E. [D-VA-11] (D-VA), 2016-05-18T00:00:00.000Z
- JOHN CONYERS (D-MI), 2016-05-18T00:00:00.000Z
- Rep. Kirkpatrick, Ann [D-AZ-1] (D-AZ), 2016-05-18T00:00:00.000Z
- Rep. Thompson, Mike [D-CA-4] (D-CA), 2016-05-18T00:00:00.000Z
- MICHAEL HONDA (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Matsui, Doris O. [D-CA-7] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Cicilline, David N. [D-RI-1] (D-RI), 2016-05-18T00:00:00.000Z
- STEVE ISRAEL (D-NY), 2016-05-18T00:00:00.000Z
- Rep. McNerney, Jerry [D-CA-9] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Doggett, Lloyd [D-TX-37] (D-TX), 2016-05-18T00:00:00.000Z
- Rep. Huffman, Jared [D-CA-2] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Hahn, Janice [D-CA-44] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Costa, Jim [D-CA-21] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Boyle, Brendan F. [D-PA-2] (D-PA), 2016-05-18T00:00:00.000Z
- RICHARD NOLAN (D-MN), 2016-05-18T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2016-05-18T00:00:00.000Z
- Del. Bordallo, Madeleine Z. [D-GU-At Large] (D-GU), 2016-05-18T00:00:00.000Z
- Rep. Bustos, Cheri [D-IL-17] (D-IL), 2016-05-18T00:00:00.000Z
- Rep. Roybal-Allard, Lucille [D-CA-40] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Lowenthal, Alan S. [D-CA-47] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. DeSaulnier, Mark [D-CA-10] (D-CA), 2016-05-18T00:00:00.000Z
- JIM MCDERMOTT (D-WA), 2016-05-18T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2016-05-18T00:00:00.000Z
- Rep. Meeks, Gregory W. [D-NY-5] (D-NY), 2016-05-18T00:00:00.000Z
- Rep. Reed, Tom [R-NY-23] (R-NY), 2016-12-05T00:00:00.000Z

## Related bills

- 114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act
- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-3268: PAST Act
- 114-hr-3185: Equality Act
- 114-hr-2737: Filipino Veterans of World War II Congressional Gold Medal Act of 2015
- 114-hr-1619: Paycheck Fairness Act

## Sources
- [114-hr-5274 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5274)

## Related
- [114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act](https://policyrisk.com/legislation/114-hr-1786)
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-3268: PAST Act](https://policyrisk.com/legislation/114-hr-3268)
- [114-hr-3185: Equality Act](https://policyrisk.com/legislation/114-hr-3185)
- [114-hr-2737: Filipino Veterans of World War II Congressional Gold Medal Act of 2015](https://policyrisk.com/legislation/114-hr-2737)
- [114-hr-1619: Paycheck Fairness Act](https://policyrisk.com/legislation/114-hr-1619)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5274 (as of 2025-11-18).