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Student loan refinancing good idea

Posted: June 18, 2014 - 3:10pm

On June 11, 2014, 37 U.S. senators, all Republicans, blocked passage of the brilliant Bank on Students Emergency Loan Refinancing Act, sponsored by Sen. Elizabeth Warren, D-Mass. This bill would have allowed existing student loan borrowers the chance to refinance their debt at current lower interest rates. 

Refinancing debt is a common practice for homeowners, businesses and other entities. Allowing student loan refinancing is a smart, sensible idea that would have benefited so many millions of Americans while stimulating our economy. The fact this great idea was blocked is a tragic loss. Alaskans are so fortunate to have two senators who had the decency to vote in favor of the bill’s passage: Sen. Mark Begich (co-sponsor) and Sen. Lisa Murkowski.  

Barbara McDaniel

Wasilla

 

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jmccormi5
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jmccormi5 06/22/14 - 02:27 am
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Student Loan Refinancing a Good Idea

With American college students now in debt over $1.0 trillion dollars, student loan refinancing is an excellent idea!! Good article and very timely. Very proud of our two Alaska senators for voting for the bill.
Alaska Joe

jmccormi5
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jmccormi5 06/24/14 - 06:24 pm
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Student Loan Refinancing

Given the fact that total student loan debt in the US now exceeds $1.0 trillion dollars, the proposal to allow students to refinance their student loans at lower interest rates is an excellent idea. Far too many college students are graduating with far too much student loan debt. So proud of Alaska's two senators for supporting this legislation.

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