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Emergency loan refinancing act

Emergency loan refinancing act

Bank on Students Emergency Loan Refinancing Act Fact Sheet


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Jun 11, 2014. S. 2432 (113th). A bill to amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes.

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Last year, the vast majority of Republicans agreed that federal student loan interest rates were far too high, and Congress lowered the rates this year for new borrowers.

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Senate Republicans blocked Sen. Elizabeth Warren (D-Mass.) from bringing up her student loan bill.

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The bill was most likely refuted by those who did not want to impose more taxes on the wealthy to make up for the lowered student loan rates. A press New payday loan lenders not brokers

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Warren introduced the Bank on Students Emergency Loan Refinancing Act, allowing existing student loan debts to be refinanced at a much lower interest rate.

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