SHAHEEN: WE MUST HELP STUDENTS MANAGE LOAN DEBT

On Senate floor, Shaheen calls for passage of Bank on Students Emergency Loan Refinancing Act, which would allow eligible borrowers with outstanding student loan debt to refinance at the lower interest rates currently offered to new borrowers. Nationally, students hold nearly $1.2 trillion in student debt, according to the Consumer Financial Protection Bureau. The Project on Student Debt estimates that New Hampshire students leave school with an average debt of nearly $33,000, and that 74 percent of New Hampshire students leave school with debt.