Senate Democrats unveil student loan refinancing plan

Senate Democrats unveil student loan refinancing plan

Pennsylvania college graduates have the highest amount of student loan debt per capita in the nation, and over 1.8 million residents carrying student loan debt. Three Pennsylvania senators are hoping their latest proposal will make it easier for these students to pay back their student debt by providing them the opportunity to refinance their loans at a lower, fixed interest rate.
 

Senators Vincent Hughes (D-Philadelphia), Katie Muth (D-Montgomery) and Lindsey Williams (D-Allegheny) spoke with reporters Wednesday to outline the Pennsylvania Student HELP Act, a multi-faceted bill that would allow students to refinance debt payments at a 4 percent fixed interest rate, while also enhancing protections for borrowers. 

Wednesday, March 20, 2019/Author: Justin Sweitzer
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