S. 1399 · 113th Congress
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.
- Stage
- In committee
- Sponsor
- Richard Durbin
- Introduced
- 2013-07-30
- Latest action
- 2013-10-30 · Committee on Veterans' Affairs. Hearings held. Hearings printed: S.Hrg. 113-280.
Summary
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.