Bill Would Let Student-Loan Borrowers Refinance at Current Rates

By Beckie Supiano. U.S. Sen. Elizabeth A. Warren introduced legislation on Tuesday that would allow student-loan borrowers to refinance their debt at current interest rates. An identical bill is expected to be introduced in the House of Representatives on Tuesday evening.
"There’s no reason on earth to say some kids can get a better deal than others when they both worked hard to do exactly what we said they should do," Ms. Warren, a Massachusetts Democrat, said in an interview. Student-loan interest rates for new borrowers were reduced last summer under legislation tying them to financial markets. More...