Rep. Kind Pushes House Leaders to Move Forward on Legislation Allowing Refinancing of Student Loans
U.S. Rep. Ron Kind sent a letter to the leaders on the House Education and the Workforce Committee to move forward on H.R. 649, the Student Loan Refinancing Act, which would allow people to refinance their student loans. Allowing refinancing of student loans was a key point in Rep. Kind’s 2016 College Affordability Action Plan.
“Over the past few months I have traveled to campuses across western and central Wisconsin to discuss my College Affordability Action Plan. One of the most common topics discussed was the need to allow people to refinance student loans. At each I stop I heard stories from people about how they are paying their loans but can’t get ahead because of high interest rates,” said Rep. Kind. “We must not waste any more time. I am calling on the House Education and the Workforce Committee to move forward on the Student Loan Refinancing Act.”
The Student Loan Refinancing Act, introduced by Rep. Pocan, takes a bipartisan common sense approach to student loan refinancing. Find a copy of the letter here.
Rep. Kind’s comprehensive strategy to help make college more affordable consists of five key principles:
- The Government Shouldn’t Profit From Student Loans
- Allow People to Refinance Student Loans – Like Mortgages
- Extend and Expand Tax Incentives to Increase College Affordability for Students and Families
- Make Sure Students Have Access to Affordable Job Training Programs
- Permanently Extend the Perkins Loan Program
To read the full College Affordability Action Plan, click here.