II 115th CONGRESS 1st Session S. 1521 IN THE SENATE OF THE UNITED STATES July 10, 2017 Mr. Nelson introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To amend the Higher Education Act of 1965 to reduce the interest rate caps for Federal Direct student loans, to eliminate loan origination fees on all Federal Direct student loans, and to provide for refinancing of Federal Direct student loans and Federal family education loans.