April 20, 2015

Daily Hampshire Gazette Editorial: US should allow refinancing of college loans

Millions of Americans who borrow money to pay for college are locked into relatively high interest rates that compound the growing problem of student debt. Legislation that Sen. Elizabeth Warren keeps introducing - and Republicans keep turning back - would provide relief.

It isn't a bailout or giveaway. Warren's bill would let borrowers of older college loans refinance to obtain a lower interest rate, just as homeowners do with mortgages. With interest rates still at historic lows, this would provide significant savings to many of the 43 million Americans who hold student loans.

Warren is right to make this legislation one of her priorities.

Read the full editorial here.