Sponsor: Rep. Turner [R-OH]
Cosponsors: 1 (1D; 0R)
Introduced:
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. Read the rest of this entry »