In CommitteeFiled Jun 4, 2026
Sponsor: Rep. Turner, Michael R. [R-OH-10] (R)
Latest Action
Referred to the House Committee on Education and Workforce.
Jun 4, 2026
Summary
The bill adds a new section to the Higher Education Act that lets borrowers replace their existing federal Direct or FFEL loans with a new loan at the interest rate offered for new loans of the same type. The Secretary of Education must establish the program within 30 days of the law’s enactment. It is intended to give borrowers a simpler way to lower or lock in rates and to consolidate debt.
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