That it bill will allow qualified federal borrowers to help you re-finance the government finance whenever rates of interest is actually reduced
Sponsor: Rep. Van Duyne [R-TX]
NASFAA Bottom line & Analysis: This bill would now include PLUS loans made to graduate students and parents in the calculation for an institution’s Cohort Default Rate (CDR) so that any default in these loans is now included in the calculation.
H.Roentgen.5084 – Education loan Refinancing Operate
Sponsor: Rep. Turner [R-OH]
Cosponsors: 1 (1D; 0R)
NASFAA Bottom line & Analysis: After completing an application for refinancing for an eligible federal student loan, the borrower would be able to refinance their loan’s interest rate to the interest rate for current new borrowers at the same time of the application. The bill would also ensure that refinancing loans does not affect a borrower’s monthly payment count on IDR repayment plans and PSLF plans. (mais…)