FOR IMMEDIATE RELEASE:
March 25, 2015
Contacts: Colin Seeberger, colin.seeberger@
Sarah Lovenheim, sarah.lovenheim@
Young Invincibles’ Statement on Failed Student Loan Refinancing Vote in the U.S. Senate
[WASHINGTON]–Today, the United States Senate voted down an amendment by Senator Elizabeth Warren (D-MA) that would have allowed federal and private student loan borrowers to refinance their loans and take advantage of today’s low interest rates.
“We are profoundly disappointed that the Senate rejected a proposal to allow struggling borrowers to refinance their student loans,” said Jennifer Wang, Policy Director of Young Invincibles. “Student debt is holding back our generation. Student loan borrowers deserve the same consumer protections that mortgage borrowers have. We hear every day from struggling borrowers that diligently make monthly payments on their loans but continue to see the balance on their debt reach new heights.”
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