Summary: H.R.1614 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.1614. Bill summaries are authored by CRS.

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Introduced in House (03/17/2017)

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.