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Posted: Monday, 16 June 2014 3:30PM

Stabenow, Senate Democrats To Try Again On Student Loan Refinancing

Democrats in the U.S. Senate are vowing to continue their fight to pass legislation to give recent college graduates a break. Republicans successfully filibustered the bill cosponsored by Debbie Stabenow of Michigan which would allow for the refinancing of student loans to get a lower interest rate.


Stabenow notes the U.S. has a student loan debt load of over $1 trillion, and the economy is being impacted because those new graduates are unable to get financing for purchases like homes. She plans to submit the bill again soon to get it passed.


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