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.R.5084 – Student loan Refinancing Work
Sponsor: Rep. Turner [R-OH]
Cosponsors: 1 (1D; 0R)
NASFAA Conclusion & 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. Continue reading « It bill allows eligible government consumers so you can refinance the government financing when interest rates was shorter »