A bill to amend the Servicemembers Civil Relief Act to extend the interest rate limitation on debt entered into during military service to debt incurred during military service to consolidate or refinance student loans incurred before military service.

Fact Sheet API

Bill Number

S 1619

Introduced

Jul 24, 2017

Latest Action

Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S4137-4138)

Sponsor

Cosponsors

Topics

Armed Forces and National Security Higher education Interest, dividends, interest rates Military personnel and dependents Student aid and college costs

Full Text

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Votes

Summary

This bill amends the Servicemembers Civil Relief Act to extend the 6% interest rate limitation on debt entered into during a servicemember's military service to any debt entered into to consolidate or refinance one or more student loans incurred before such service.

Actions

Jul 24, 2017

Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S4137-4138)
Jul 24, 2017

Introduced in Senate

Amendments

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