Senator proposes bill allowing refinancing of student loans
U.S. Senator Sherrod Brown says he wants to make reforms to the college student loan system.
The Ohio Democrat has introduced legislation allowing qualified student borrowers to refinance their loans.
It also would allow borrowers to with private loans to refinance them into the federal Direct Loan program.
"They graduate from any such number of schools in Ohio, and they have such huge debt, they put off having a family, they put off buying a house," Brown said Thursday. "Our debt-free college act would simply say, what the states come up with, the federal government will match it, as long as the states promise to keep tuition in check."
Brown also co-sponsors a bill allowing homeless students access to affordable housing while pursuing their education.