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Temporary Zero-Interest Refinancing for Student Loans

This bill proposes a temporary program (August 2022 to end of 2025) allowing eligible federal and private student loans to be refinanced into new loans with a zero-percent interest rate. The goal is to reduce repayment costs for qualified borrowers and simplify student debt management.
Key points
Allows refinancing of eligible federal and private student loans into zero-interest loans.
The program is temporary, available from August 1, 2022, through December 31, 2025.
Refinanced federal loans keep most original terms, and past payments may count towards income-driven plans; for refinanced private loans, past payments do not count.
Counseling is required for borrowers refinancing private student loans.
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Expired
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Additional Information
Print number: 117_S_4344
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2022-05-26
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Summarized by: gemini-2.5-flash-preview-04-17
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_S_4344.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-26.

What are the main provisions?

Key points include:

  • Allows refinancing of eligible federal and private student loans into zero-interest loans.
  • The program is temporary, available from August 1, 2022, through December 31, 2025.
  • Refinanced federal loans keep most original terms, and past payments may count towards income-driven plans; for refinanced private loans, past payments do not count.
  • Counseling is required for borrowers refinancing private student loans.
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 Sen. Whitehouse, Sheldon [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Education Economy