This would be a rewrite of the federal government’s Higher Education Act.

The Seattle Times reports.

Sen. Murray wants students to be able to refinance federal college loans

Fresh off her success at striking a bipartisan deal to replace the federal government’s biggest education law with a new one, the Every Child Succeeds Act, U.S. Sen. Patty Murray was at the University of Washington last week promising a new bill to reduce the high cost of a college education.

Murray is the ranking member of the Senate Health, Education, Labor and Pensions (HELP) Committee, and is working with Sen. Lamar Alexander, D-Tenn., on a rewrite of the Higher Education Act. As part of that, she’s been collecting stories about student debt and how it’s upending lives after students graduate.

Murray wants the rewrite of the law to include provisions that allow students to refinance federal student loans so they can get the lower interest rates offered today. Currently, federal student loans cannot be refinanced. She also wants to increase the size of federal Pell grants, and to simplify the Free Application for Federal Student Aid, or FAFSA, which has more than 100 questions.