Loans are easy for Wall Street banks, multinational corporations and local government agencies. They get some of the lowest interest rates around. What do student borrowers get? A debt sentence.
Good thing we have Elizabeth Warren in the Senate. She introduced the Bank on Students Emergency Loan Refinancing Act which will let student borrowers refinance their federal and private loans at a lower interest rate. By closing tax loopholes for millionaires, the bill funnels relief to those that need it most — student borrowers who are struggling to make ends meet.
Petition to Congress: Help our students, not millionaires. We support Elizabeth Warren’s proposal to refinance outstanding student loan interest rates!
Republicans in Congress already passed legislation last year to allow new borrowers loans at the same low interest rate Warren is proposing.
With outstanding student debt topping $1.2 trillion, we’re asking for the same opportunity to be given to existing borrowers. And we’re prepared to organize support at events around the country with our allies at the Progressive Change Campaign Committee.