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 Viral Videos

WATCH: Justin Bieber’s boxing lessons

Fresh
25-overlay3

The pop star is reportedly taking boxing lessons from Floyd Mayweather ... and Conan O'Brien has the footage.

in Music, Weird

Bret Michaels doesn’t need your bank account info

bretmichaels

The Poison singer is warning fans about a bizarre new scam.

in Music

Neil Young designing his own album cover

neilyoung

To coincide with the release of his new album on Nov. 4, Young is staging his first Los Angeles art exhibition.

in Music

U2’s ‘free’ iTunes album stumbles in stores

u2

U2's controversial free album on Apple's iTunes had a less than stellar performance once released for commercial sale.

in Weird

Belgian chocolate maker ISIS changing its name

chocolate

The chocolate maker is changing its name because consumers associate with the terrorist organization.