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

10 of the most memorable MTV Video Music Awards moments

Fresh
mileycyrusvma

Since debuting in 1984, the MTV Video Music Awards have prided themselves on being a stage for all things hip - and often - controversial.

in Music

This week’s top rock tracks

shinedown

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

in Viral Videos

This is one way to get a tan

10-overlay22

It's summer and the beaches are packed - so this guy got some private sunbathing time while sky high.

in Weird

The ‘town drunks’ can’t drink that

drinking2

The police department in Illinois' second largest city is going to compile a "habitual drunkard" list to help fight public intoxication.

in Music

Slash to producer slasher film

slash

The former Guns 'N Roses star has teamed up with horror production firm Revolver Picture Company for a new movie franchise.