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

This week’s top rock tracks

nickelback

LISTEN: This week's top rock songs, according to the latest Billboard chart.

in Music

Pink Floyd warns album ‘not for iTunes generation’

pinkfloyd

David Gilmour has warned the band's younger fans they might not enjoy the upcoming album.

in Music

Jack White ‘proud’ of ‘Seven Nation Army’ crossover success

jackwhite

The former White Stripes rocker says the track's popularity at sporting events is a huge compliment.

in Trending, Viral Videos

TODAY’S MUST SEE: ‘Scaring’ with the ‘Stars’

11-overlay3

Halloween is alive and well on the set of the hit ABC show "Dancing With the Stars."

in Music

Gregg Allman dropped from ‘Midnight Rider’ lawsuit

allman

The rocker was was dropped from a wrongful death suit stemming from the on-set death of a Georgia woman during the filming of "Midnight RIder."