News

Gillibrand touts student loan refinancing legislation

Gillibrand touts student loan refinancing legislation

Photo: WHCU

New York State graduates are saddled with roughly $60 billion in federal student loan debt, and a measure introduced in the Senate is looking to let them refinance loans at lower rates.

Senator Kirsten Gillibrand says allowing the refinancing of student loan interest rates would result in billions in savings nationwide.

National student loan debt is currently at $1.2 trillion.

The Bank on Students Emergency Loan Refinancing Act would allow federal undergraduate loans to be refinanced at 3.86%, and graduate student loans at 5.41%.

Recent Headlines

in Music

Gene Simmons gets into movie business

genesimmons

The KISS rocker and WWE Studios will join together to try to scare the bejeezus out of you.

in Music

Music festivals ban ‘selfie sticks’

selfie

You'll just have to have long arms if you're taking a selfie at Coachella or Lollapalooza.

in Music

Five Finger Death Punch star sets up tattoo removal business

fivefingerdeathpunch

The drummer's Phaze Laser Tattoo Removal will open for those who regret their skin art and the rocker will be there to welcome fans and customers.

in Music

Ludacris, Chrissy Teigen to host Billboard Awards

chrissyteigen

The rapper/actor and the model will host the awards show in May.