Allow student loan borrowers to refinance their loans at lower interest rates.

The workforce section says she would let borrowers refinance student loans at current lower rates.

Hassan committed to student loan refinancing relief.

Innovate NH 2.0: A Granite State Roadmap for Fostering Innovation, Supporting Job-Creating Businesses and Expanding Opportunity
campaign · campaign_site · model gpt-5.5

Congress.gov records H.R. 1 becoming Public Law No. 119-21 and summarizes higher-education changes to loan limits and repayment plans, not lower-rate refinancing.

The latest major enacted federal student-loan legislation changed borrowing limits and repayment options but did not deliver a broad right for borrowers to refinance existing loans at lower rates.

never later_term

H.R.1 - 119th Congress (2025-2026)
secondary · model gpt-5.5 · confidence 86%

The Senate passed H.R. 1, 51-50 with the Vice President voting yea; Hassan is listed as voting Nay.

Hassan opposed the 2025 reconciliation bill that became the latest student-loan law, but that law still did not add lower-rate refinancing authority.

never later_term

U.S. Senate Roll Call Vote 119th Congress - 1st Session, Vote 372
secondary · model gpt-5.5 · confidence 82%

For Direct Consolidation Loans after July 1, 2013, the rate is the weighted average of consolidated loans, rounded up to the nearest one-eighth percent.

Current codified federal loan law provides consolidation at a weighted-average rounded-up rate, not a refinancing option that lets borrowers lower their rates.

never later_term

20 USC 1087e: Terms and conditions of loans
secondary · model gpt-5.5 · confidence 90%

Congress.gov's 116th public-law list includes the Stop Student Debt Relief Scams Act and Student Veteran Coronavirus Response Act, but no student-loan refinancing law.

During Hassan's first Senate term, Congress enacted some student-related measures, but not a borrower refinancing law matching the commitment.

never same_term

Public Laws - 116th Congress
secondary · model gpt-5.5 · confidence 78%

The Senate rejected cloture on S. 2432, a bill to provide refinancing of certain federal student loans, by 56-38, below the required three-fifths threshold.

The clearest pre-Hassan federal refinancing proposal failed before she entered the Senate, showing the policy was not already delivered when her later term began.

never unknown

U.S. Senate Roll Call Vote 113th Congress - 2nd Session, Vote 185
secondary · model gpt-5.5 · confidence 75%

The report says 2026-2027 federal loan rates are set by congressional formula and private refinancing remains separate, with federal protections lost when refinancing federally held loans privately.

A current lookback-window source indicates borrowers still do not have a federal lower-rate refinancing program; lower-rate refinancing remains a private-market option with tradeoffs.

never later_term

Student Loan Rates in July 2026: What Borrowers Need to Know
secondary · model gpt-5.5 · confidence 70%