1. Short title This Act may be cited as the Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020 . 2. Refinancing program (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 ; and (3) to make loans under section 460A and section 460B after section 459A . (b) Refinancing program Part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq.) is amended by adding at the end the following: 460A. Refinancing Federal Direct Loans and other Federal loans (a) Definitions In this section: (1) FFEL, Perkins, or PHSA student loan The term FFEL, Perkins, or PHSA student loan means a loan— (A) made, insured, or guaranteed under part B and for which the first disbursement was made, or the application for the consolidation loan was received, before July 1, 2010; (B) made under part E; or (C) made under— (i) subpart II of part A of title VII of the Public Health Service Act ( 42 U.S.C. 292q et seq.)