March 19th, 2015 by WCBC Radio
U.S. Senators Ben Cardin and Barbara A. Mikulski (both D-Md.) today became original cosponsors of the Bank on Students Emergency Loan Refinancing Act. Introduced by Senator Elizabeth Warren (D-Mass.), the legislation would allow those with outstanding student loan debt to refinance at the interest rates that were approved last year for new borrowers. A previous version of the bill was voted on in the 113th Congress, and every Senate Democrat and three Senate Republicans voted to move the bill forward, falling just short of breaking a Republican filibuster.
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