{"database": "press", "table": "releases", "rows": [["https://turner.house.gov/2021/9/reps-turner-and-brown-introduce-student-loan-refinancing-act", "Reps. Turner and Brown Introduce Student Loan Refinancing Act", "2021-09-03", "2021", "2021-09", "Republican", "House", "OH", "Michael R. Turner", "T000463", "turner.house.gov", "turner", "https://turner.house.gov/press-releases", "scraper", "Washington, DC \u2013\u2013Congressman Mike Turner (OH-10) recently introduced the Student Loan Refinancing Act (HR 5084) alongside Rep. Anthony Brown (MD-4). This bipartisan legislation amends the Higher Education Act of 1965 to allow eligible federal borrowers to refinance their federal loans when interest rates are reduced. Post-introduction, Rep. Turner and Rep. Brown made the following statements:\n\n\u201cAll federal student loan borrowers should be able to take advantage of the record-low interest rates set for this academic year. This legislation would reform our government\u2019s student loan framework by allowing borrowers to refinance their loans to a given year\u2019s interest rates while keeping their loans public,\u201d said Rep Turner. \u201cBy keeping loans within the federal system, borrowers have access to the advantages of the public loans, such as the Public Student Loan Forgiveness (PSLF) Program and pandemic-related loan holidays. With the student debt crisis worsening, I am proud to offer a reliable option for borrowers to reduce their debt.\u201d\n\n\u201cWe need to be doing everything we can to alleviate the incredible burden of student loan debt in our country. Allowing borrowers to refinance their loans whenever interest rates are reduced isn\u2019t just common sense but will give Americans more flexibility with their personal finances, particularly when money is tight,\u201d said Rep. Brown. \u201cAs we work toward economic recovery following the COVID-19 pandemic helping working families make ends meet must be our priority.\u201d\n\nSpecifically, this legislation:\n\nCreates a pathway for federal student loan borrowers to refinance their loans at a lower interest rate and reduce their debt, allowing graduates to free up income to stimulate the economy.\n\nProvides flexibility for borrowers to refinance loans when treasury-issued interest rates are low.\n\nAllows the ability to refinance loans for any degree, including graduate and professional programs to reduce the debt of even more graduates\n\nEnsures that refinancing loans does not reset a borrower\u2019s monthly payment count on Income-Driven Repayment plans and PSLF plans.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-06T20:17:01Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://turner.house.gov/2021/9/reps-turner-and-brown-introduce-student-loan-refinancing-act"], "units": {}, "query_ms": 0.8094641380012035, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}