Student Loan Refinancing
It seems as though everyone—homeowners, corporations, and even state and local governments—is taking advantage of the current historically low interest rates by refinancing their debt.
It’s a win for individuals and for the nation as a whole, easing the burden of loan repayment and freeing up income for purchases that stimulate the economy. But one group is getting left behind in the refinancing trend: students who take out loans to pay for their higher education. And with over $1.2 trillion dollars in current student debt, something needs to change.
What is Refinancing?
Refinancing allows a borrower to replace their existing debt with a new loan that has better terms. Use our calculator below to see how much money you could save by refinancing your student loans!
Senator Elizabeth Warren (D-MA) just announced her new bill: Bank on Students Emergency Loan Refinancing Act.
Check out what our partner organization are saying about Senator Warren’s new bill.
American Federation of Teachers
Student Debt Crisis
One Wisconsin Now
Campaign for America’s Future
Posted on 5 May 2014
|Generation Progress is a national organization that works with and for young people to promote progressive solutions to key political and social challenges. Generation Progress engages a diverse group of young people nationwide, inspires them to embrace progressive values, provides them with essential trainings, and helps them to make their voices heard—and to push policy…|
|Visit Website||Follow @genprogress|