WV Center on Budget and Policy > Press > WVCBP in the News > Student Loan Refinancing Bill Stalls in Senate

Student Loan Refinancing Bill Stalls in Senate

June 12, 2014

West Virginia Metro News – People with federal and private student loans issued prior to 2010 will not have the opportunity to refinance those loans at today’s lower interest rates — at least not right now. Read

There were not enough votes in the U.S. Senate this week to move forward with a proposed bill that would have allowed for that refinancing. White House officials estimated the move could have saved a typical student as much as $2,000 through the life of his or her loans.