Student loan debt has topped credit card debt in the U.S. and more and more students are struggling to make their monthly payments.
That’s why Sen. Warren from Massachusetts has introduced legislation that would allow students to refinance higher interest loans to a 3.86 percent interest rate.
Sen. Durbin supports the proposed legislation and wanted to hear from students about their experiences with their debt.
Students and alum shared how their debt affects their decisions on when to start a family, going to grad school and what jobs they can accept.
Durbin says the bill would be paid for by closing tax loopholes for the wealthy, but will face opposition from Republicans before it can be passed.
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