Yesterday the Senate blocked a vote on the Bank on Students Emergency Loan Refinance Act, which would have let people with lingering student loans refinance them at the same rates offered to new borrowers in the past year—rates lower than on loans going back to the last decade.
“Life is about choices,” said Senate Majority Whip Dick Durbin (D-Ill.). “Each of us have made a choice on education, like where we’re going to go to school and what we’re going to study. There was a choice made on the Senate Floor today, and it was a choice by Senate Republicans to ignore students across America who are struggling to make ends meet because of overwhelming amounts of student loan debt...”
Wednesday, September 17, 2014
Sentenced to Debt: Republicans Block Student Loan Refinance Bill - MainStreet: