Federal - HR 649

Student Loan Refinancing Act

Introduced

February 2, 2015

Description

This bill would allow individuals to refinance their federal student loans more than once.

As a result of the Student Loan Certainty Act of 2013, federal student loan interest rates are tied to financial markets.  Interest rates are determined each year and are stabilized during the period of July 1 to the following June 30 with a fixed interest rate that applies to the life of the loan.

H.R. 649 would allow new dentists to refinance their federal Direct Loans, Direct PLUS Loans, and Direct Consolidation Loans at any time during the life of the loans, enabling them to take advantage of lower interest rates during more favorable economic conditions. Moreover, refinanced rates would be fixed, protecting them from interest rate hikes when economic conditions worsen.

Our Position

Support

Commentary

Please take a moment to contact your member of Congress and urge him or her to cosponsor the Student Loan Refinancing Act, H.R. 649.

Click Here to Take Action.

Original Sponsor 1

Co-Sponsors 52

Latest Actions See More/Less

  • July 5, 2016 — Additional cosponsor(s): 1

    Hahn, (D-Calif.)
  • May 12, 2016 — Additional cosponsor(s): 1

    Coffman, (R-Colo.)
  • May 11, 2016 — Additional cosponsor(s): 1

    Castor, (D-Fla.)
  • May 10, 2016 — Additional cosponsor(s): 2

    Meng, (D-N.Y.)Rush, (D-Ill.)
  • April 29, 2016 — Additional cosponsor(s): 1

    Payne, D.M. (D-N.J.)
  • April 26, 2016 — Additional cosponsor(s): 1

    Brady, R. (D-Pa.)
  • April 18, 2016 — Additional cosponsor(s): 2

    Clarke, Y. (D-N.Y.)Hastings, (D-Fla.)
  • April 12, 2016 — Additional cosponsor(s): 2

    Boyle, (D-Pa.)Kuster, (D-N.H.)
  • March 15, 2016 — Additional cosponsor(s): 1

    Pascrell (D-N.J.)
  • Feb. 3, 2016 — Additional cosponsor(s): 1

    Katko, (R-N.Y.)
  • Dec. 9, 2015 — Additional cosponsor(s): 1

    McCollum, Betty (D-Minn.)
  • Sept. 30, 2015 — Additional cosponsor(s): 1

    Grothman, (R-Wis.)
  • July 13, 2015 — Additional cosponsor(s): 1

    Napolitano, (D-Calif.)
  • July 7, 2015 — Additional cosponsor(s): 2

    Moore, (D-Wis.)Perlmutter, (D-Colo.)
  • June 18, 2015 — Additional cosponsor(s): 1

    Slaughter, L. (D-N.Y.)
  • June 2, 2015 — Additional cosponsor(s): 1

    Lieu, (D-Calif.)
  • May 20, 2015 — Additional cosponsor(s): 2

    Beatty, (D-Ohio)Welch, (D-Vt.)
  • May 18, 2015 — Additional cosponsor(s): 1

    Nolan, (D-Minn.)
  • May 14, 2015 — Additional cosponsor(s): 1

    Loebsack, (D-Iowa)
  • May 13, 2015 — Additional cosponsor(s): 8

    Beyer (D-Va.)Fudge, (D-Ohio)Lofgren, (D-Calif.)
    Doggett, (D-Texas)Grijalva, (D-Ariz.)Peters, S. (D-Calif.)
    Doyle, (D-Pa.)Kilmer, (D-Wash.)
  • April 30, 2015 — Additional cosponsor(s): 1

    Thompson, B. (D-Miss.)
  • April 28, 2015 — Additional cosponsor(s): 1

    Rangel, (D-N.Y.)
  • April 21, 2015 — Additional cosponsor(s): 4

    Higgins, (D-N.Y.)Swalwell, (D-Calif.)
    Matsui, D. (D-Calif.)Vargas, (D-Calif.)
  • April 15, 2015 — Additional cosponsor(s): 1

    Meeks, (D-N.Y.)
  • April 14, 2015 — Additional cosponsor(s): 1

    Conyers (D-Mich.)
  • March 19, 2015 — Additional cosponsor(s): 1

    DeSaulnier, (D-Calif.)
  • Feb. 13, 2015 — Additional cosponsor(s): 1

    McGovern, (D-Mass.)
  • Feb. 2, 2015 — Original cosponsor(s): 10

    Brownley, (D-Calif.)Ellison, (D-Minn.)Schrader, (D-Ore.)
    Cartwright, (D-Pa.)Kind, R. (D-Wis.)Wilson, F. (D-Fla.)
    Chu, (D-Calif.)Lowenthal, (D-Calif.)
    Cohen, (D-Tenn.)Schakowsky, (D-Ill.)
  • Feb. 2, 2015 — Read twice and referred to: House Education and the Workforce.Congressional Record p. H703