Americans should “feel the shame” of saddling recent college graduates with billions of dollars in high-interest student loans that are generating profits for the federal government at the expense of the general economy, said Sen. Elizabeth Warren, D-Mass.
Warren, who has proposed legislation to lower federally-mandated interest rates on student loans, spoke at a hearing organized by fellow Senate Democrats to draw attention to the college debt issue. The all-Democrat event included testimony from three recent graduates now facing high monthly loan bills.
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