Summary

                            To authorize borrowers of loans under the William D. Ford Federal Direct Loan Program to modify the interest rate of such loans to be equal to the interest rate for such loans at the time of modification.

Introduced in House
Student Loan Refinancing Act

This bill amends title IV (Student Assistance) of the Higher Education Act of
1965 to allow a borrower of a Federal Direct Loan program loan to modify the
interest rate on such a loan to the current applicable rate. That interest rate
is fixed for the life of the loan, unless the borrower elects to modify it
again.



                        

Actions

  • Referred to the House Committee on Education and the Workforce.

    Mar 17th, 2017
  • Introduced in House

    Mar 17th, 2017
  • Introduced in House

    Mar 17th, 2017