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Senator Elizabeth Warren Pushing Student Loan Refinance Bill

 
Senator Elizabeth Warren Pushing Student Loan Refinance Bill
Posted May 11th, 2014 @ 2:32pm by KFBK News

Massachusetts Democratic Senator Elizabeth Warren is pushing a bill allowing millions of grads to refinance the federal student loans at lower rates.

She tells CBS' Face the Nation - they are in urgent need of relief.

'Our young people are being crushed by student loan debt. One-point-two trillion dollars in outstanding student loan debt, and it is exploding.' 

Warren says if the bill passes, students who take out federal education loans - would never pay more than four-percent interest.

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