Florida Senator Pitches Plan to Ease Burdensome Student Debt
Meeting with college students and recent graduates dealing with the burden of student debt, U.S. Sen. Bill Nelson outlined legislation that would cap rates on federal undergraduate loans at 4 percent and allow the refinancing of older loans at lower rates.
July 17, 2017 at 11:00 PM
4 minute read
Meeting with college students and recent graduates dealing with the burden of student debt, U.S. Sen. Bill Nelson outlined legislation that would cap rates on federal undergraduate loans at 4 percent and allow the refinancing of older loans at lower rates.
In describing his bill on the Senate floor earlier last week, Nelson said the class of 2016 graduated with a national average of $37,000 in student loans.
“Instead of sending our graduates off to be creative and conquer the world, we're sending them with a tremendous amount of debt that they are struggling to afford,” Nelson said.
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