Tackling Student Loan Debt, Boosting Colorado's Economy
More than 760,000 Coloradans carry student loan debt, including some loans with interest rates as high as 14 percent. A bachelor's degree should open doors for graduates — not leave them with decades of crippling debt. That's why I introduced a plan to allow borrowers to refinance their student loans. The Bank on Students Emergency Loan Refinancing Act would allow all students with Stafford Loans, Unsubsidized Stafford Loans, Federal PLUS Loans and Federal Consolidation Loans to refinance at this year's low rates: 3.86 percent for undergraduates and 5.41 percent for graduate students. This common-sense bill also would allow students in good standing the option to refinance their high-interest, private student loans and reinvest in themselves, their families and our economy. I will continue fighting to make college more affordable so that all Coloradans have access to higher education and the opportunity to pursue their passions.
If you have further questions about this or any other issue, please contact me with your concerns.
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