Sen. Elizabeth Warren, a champion of consumer rights, has introduced a new bill that, if passed into law, would allow people to refinance Federal or private student loan debt, similar to the way people can refinance mortgages or car loans. Refinancing student loans would help if interest rates on student loans drop. A political roadblock for the bill may come in the form of questions over how the government would pay for such refinancing.
Photo by trenttsd. No changes were made to the original.
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