1. Short title This Act may be cited as the Bank on Students Emergency Loan Refinancing Act . I Refinancing Programs 101. Refinancing programs (a) Program authority Section 451(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1087a(a) ) is amended— (1) by striking and (2) and inserting (2) ; and (2) by inserting