115-hr-4001115th Congress

Student Loan Refinancing and Recalculation Act

Sponsored By: Representative Garamendi, John [D-CA-8]

Unknown

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.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Garamendi, John [D-CA-8]

CA • D

Cosponsors

  • Rep. Cohen, Steve [D-TN-9]

    TN • D

    Sponsored 4/17/2018

  • Rep. Pocan, Mark [D-WI-2]

    WI • D

    Sponsored 4/17/2018

  • Rep. Carson, André [D-IN-7]

    IN • D

    Sponsored 4/17/2018

  • Rep. Vela, Filemon [D-TX-34]

    TX • D

    Sponsored 4/24/2018

  • Rep. DeSaulnier, Mark [D-CA-10]

    CA • D

    Sponsored 4/24/2018

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 5/3/2018

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 10/10/2017

  • Del. Bordallo, Madeleine Z. [D-GU-At Large]

    GU • D

    Sponsored 10/10/2017

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 10/10/2017

  • Rep. Bustos, Cheri [D-IL-17]

    IL • D

    Sponsored 10/10/2017

  • Rep. Chu, Judy [D-CA-28]

    CA • D

    Sponsored 10/10/2017

  • Rep. Doggett, Lloyd [D-TX-37]

    TX • D

    Sponsored 10/10/2017

  • Rep. Gonzalez, Vicente [D-TX-34]

    TX • D

    Sponsored 10/10/2017

  • Rep. Kuster, Ann M. [D-NH-2]

    NH • D

    Sponsored 10/10/2017

  • Rep. Lowenthal, Alan S. [D-CA-47]

    CA • D

    Sponsored 10/10/2017

  • Rep. McNerney, Jerry [D-CA-9]

    CA • D

    Sponsored 10/10/2017

  • Rep. Meeks, Gregory W. [D-NY-5]

    NY • D

    Sponsored 10/10/2017

  • Rep. Roybal-Allard, Lucille [D-CA-40]

    CA • D

    Sponsored 10/10/2017

  • Rep. Tonko, Paul [D-NY-20]

    NY • D

    Sponsored 10/10/2017

  • Rep. Costa, Jim [D-CA-21]

    CA • D

    Sponsored 10/10/2017

  • RICHARD NOLAN

    MN • D

    Sponsored 10/10/2017

  • Rep. Pingree, Chellie [D-ME-1]

    ME • D

    Sponsored 10/10/2017

  • Rep. Katko, John [R-NY-24]

    NY • R

    Sponsored 10/11/2017

  • Rep. Carbajal, Salud O. [D-CA-24]

    CA • D

    Sponsored 10/19/2017

  • Rep. Krishnamoorthi, Raja [D-IL-8]

    IL • D

    Sponsored 10/19/2017

  • Rep. Meng, Grace [D-NY-6]

    NY • D

    Sponsored 1/29/2018

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 3/26/2018

  • Rep. Cuellar, Henry [D-TX-28]

    TX • D

    Sponsored 3/26/2018

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation