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Senator Durbin Discusses Legislation Allowing Student Loan Holders to Lower Their Interest Rates

‘Bank on Students Emergency Refinancing Act’ Would Allow Borrowers to Refinance Existing Student Loans at Today’s Rates

DEKALB, IL—(ENEWSPF)—August 29, 2014. U.S. Senator Dick Durbin (D-IL) today discussed legislation introduced in the Senate earlier this year to allow student loan holders to lower their loans’ interest rates with Northern Illinois University students and alumni. The bill, which Durbin co-sponsored, allows current loan holders to refinance to a lower interest rate. A vote is expected on…

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