Throughout the summer, Sen. Elizabeth Warren has been promoting legislation that would provide relief to students with educational debt. As the Senate concludes its work—and I use that word loosely—before the November elections, she is taking another run at the issue.
Most recently, Warren (D-Mass.) made her case in an article for credit.com that reappeared in the Sept. 9 edition of the Huffington Post: “The Vote That Could Cut Your Student Loan Bills.” Her point is simple: Students who took out educational loans prior to July 1, 2013, are locked into an interest rate of nearly 7 percent. “Older loans run 8-9 percent and even higher,” she writes. She’d like to bring that rate down by allowing graduates (and parents who cosigned their loans) to refinance them.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]