University of California President Janet Napolitano is urging Congress to pass new student loan refinancing legislation.

Napolitano today praised the work of Senators Dianne Feinstein and Barbara Boxer on student financial aid issues and, in a letter to the senators, asked for quick passage of the "Bank on Students" Emergency Loan Refinancing Act.  

The UC President says the act "includes important student-consumer protections, strengthens private lender accountability and outlines a plan to inform borrowers about refinancing eligibilty."

Napolitano says, "Higher education should be a pathway to opportunity, not to lifelong debt."