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Zero-Percent Federal Student Loan Refinancing Program

This act establishes a temporary program allowing students to refinance federal student loans at zero interest. This means individuals with eligible student loans can reduce their monthly payments as no interest will be charged. The program aims to alleviate the burden of educational debt.
Key points
Opportunity to refinance federal student loans at 0% interest from August 1, 2021, to December 31, 2024.
The program covers various types of federal loans, including Direct Stafford, PLUS loans, and certain loans from other programs.
The loan repayment period remains the same as the original loan, but borrowers can change their repayment plan.
Previous payments will count towards the repayment period of the refinanced loan, potentially accelerating loan forgiveness.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_3024
Sponsor: Rep. Courtney, Joe [D-CT-2]
Process start date: 2021-05-07
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Zero-Percent Student Loan Refinancing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3024.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-07.

What are the main provisions?

Key points include:

  • Opportunity to refinance federal student loans at 0% interest from August 1, 2021, to December 31, 2024.
  • The program covers various types of federal loans, including Direct Stafford, PLUS loans, and certain loans from other programs.
  • The loan repayment period remains the same as the original loan, but borrowers can change their repayment plan.
  • Previous payments will count towards the repayment period of the refinanced loan, potentially accelerating loan forgiveness.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Courtney, Joe [D-CT-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Education Benefits