Americans are more than $1.2 trillion in student debt. Many of them are failing to pay even the minimum on their student loans, with no hope of refinancing.
Currently homeowners and corporations have the opportunity to take advantage of historically low interest rates. Student loan borrowers should be able to do the same, yet are stuck paying sky-high interest rates. The impacts their ability to purchase homes, save for retirement, and more.
We need new legislation that will not only allow for, but make it easy for student loan borrowers to refinance their student loans. We stand with groups such as Generation Progress and Take Part in moving forward to urge Congress to pass new legislation to allow for student loan refinancing.