HR 6397 · 116th Congress · Education

Coronavirus Emergency Student Loan Refinancing Act

Introduced 2020-03-26· Sponsored by Rep. Courtney, Joe [D-CT-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Education and Labor.(2020-03-26)

Plain Language Summary

[AI summary unavailable — showing source text] Coronavirus Emergency Student Loan Refinancing Act This bill establishes refinancing programs for federal and private student loans. Specifically, the bill establishes a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. Such 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 creates the Federal Direct Refinanced Private Loan as a new type of loan. Such loans allow qualified borrowers to refinance their private education loans.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Democrats
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Brown, Anthony G. [D-MD-4]MD
Rep. Cárdenas, Tony [D-CA-29]CA
Rep. Cicilline, David N. [D-RI-1]RI
Rep. Cisneros, Gilbert Ray, Jr. [D-CA-39]CA
Rep. DeFazio, Peter A. [D-OR-4]OR
Rep. DeLauro, Rosa L. [D-CT-3]CT
Rep. DelBene, Suzan K. [D-WA-1]WA
Rep. Dingell, Debbie [D-MI-12]MI
Rep. Doyle, Michael F. [D-PA-18]PA
Rep. Escobar, Veronica [D-TX-16]TX
Rep. Foster, Bill [D-IL-11]IL
Rep. Hayes, Jahana [D-CT-5]CT
Rep. Himes, James A. [D-CT-4]CT
Rep. Kilmer, Derek [D-WA-6]WA
Rep. Larson, John B. [D-CT-1]CT
Rep. Lee, Barbara [D-CA-13]CA
Rep. Lynch, Stephen F. [D-MA-8]MA
Rep. McNerney, Jerry [D-CA-9]CA
Del. Norton, Eleanor Holmes [D-DC-At Large]DC