Kinds Backs Student Loan Refinancing Bill

WASHINGTON, DC (Ben Caxton) — Wisconsin Representative Ron Kind announced yesterday he has added his signature to cosponsor a bill that would help struggling students refinance their loans at a lower interest rate. The “Bank on Students Emergency Loan Refinancing Act” would allow undergraduate borrowers repaying public or private loans to refinance those loans at an interest rate of 3.76 percent. Graduate and parent borrowers will also be able to refinance loans to competitive rates and reduce monthly payments. Earlier this week, Kind rolled out another plan focused on increasing affordability and lowering student loan debt and says this bill is a continuation of that.

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