PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

H.R. 3024: Zero-Percent Student Loan Refinancing Act

Before you vote › Federal bills

H.R. 3024: Zero-Percent Student Loan Refinancing Act

117th Congress · introduced 2021-05-07 · Education · Latest: Referred to the House Committee on Education and Labor.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-05-07 · official record
  2. Who proposed it: Rep. Courtney, Joe [D-CT-2] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Education and Labor. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Zero-Percent Student Loan Refinancing Act

Plain summary

Zero-Percent Student Loan Refinancing Act This bill establishes a temporary program through which the Department of Education (ED) must make interest-free refinancing loans to borrowers of federal student loans from August 1, 2021, through December 31, 2024. The bill requires ED to automatically refinance Federal Direct Loans and notify each borrower of the refinancing. Borrowers who have other types of eligible loans (i.e., Federal Family Education Loans, Federal Perkins Loans, and certain health profession and nursing loans) must apply for refinancing. ED and the Consumer Financial Protection Bureau must carry out a campaign to notify borrowers of these types of loans that they are eligible to apply for refinancing under the program.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Zero-Percent Student Loan Refinancing Act

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Courtney, Joe [D-CT-2] · 11 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Jahana Hayes (D-CT), John B. Larson (D-CT), Joseph D. Morelle (D-NY), Eleanor Holmes Norton (D-DC), Chellie Pingree (D-ME), Marilyn Strickland (D-WA), Frederica S. Wilson (D-FL)

Sponsor's campaign money: Rep. Courtney, Joe [D-CT-2] reported raising $966,514 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr3024 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117