Bill > HR1899

Introduced Session

To provide for the refinancing and recalculation of certain Federal student loans, and for other purposes. 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.

AI Summary

Committee Categories

John Garamendi (D)*,  Brendan Boyle (D),  Cheri Bustos (D),  Salud Carbajal (D),  Judy Chu (D),  Steve Cohen (D),  Jim Costa (D),  Angie Craig (D),  Mark DeSaulnier (D),  Lloyd Doggett (D),  Michael Doyle (D),  Brian Fitzpatrick (R),  Vicente Gonzalez (D),  Debra Haaland (D),  Josh Harder (D),  Katie Hill (D),  Sheila Jackson-Lee (D),  John Katko (R),  Raja Krishnamoorthi (D),  Ann Kuster (D),  Alan Lowenthal (D),  Jerry McNerney (D),  Grace Meng (D),  Eleanor Holmes Norton (D),  Chellie Pingree (D),  Kathleen Rice (D),  Max Rose (D),  Michael San Nicolas (D),  Albio Sires (D),  Elissa Slotkin (D),  Darren Soto (D),  Abigail Spanberger (D),  Paul Tonko (D),  Nydia Velázquez (D), 

Referred to the House Committee on Education and Labor. (on 03/27/2019)

Official Document