Section 1 Short title
This Act may be cited as the “Student Loan Relief Act of 2015”.
Student Loan Relief Act of 2015
A BILL
To provide for the establishment of a mechanism to allow borrowers of Federal student loans to refinance their loans, to amend the Internal Revenue Code of 1986 to extend the exclusion for employer-provided educational assistance to employer payment of interest on certain refinanced student loans, and for other purposes.
Sec. 2 Purpose
The purpose of this Act is to spur economic growth, by establishing a mechanism to allow borrowers of Federal student loans to refinance their loans in order—
to allow credit-worthy borrowers to get a lower interest rate than the Federal rate;
to encourage innovation in the education refinancing markets; and
to promote the participation of private capital in the education refinancing markets.