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Main Subject: Education

Student Loan Refinancing and Recalculation Act

This bill provides for the refinancing or deferral of certain federal student loans.

Specifically, the bill directs the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on federal student loans in order to give borrowers fixed interest rates equal to the 10-year Treasury note rate plus one percentage point. Further, the bill eliminates origination fees on the loans.

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.

HR3674-116, S1696-116,

House floor actions Actions

IntroReferral
Mar. 27 2019	Referred to the House Committee on Education and Labor.

Library of Congress Actions

IntroReferral
Mar. 27 2019	Introduced in House Introduced in House

House bill HR1899-116

Student Loan Refinancing and Recalculation Act

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