Durbin Calls For Student Loan Refinancing

(Chicago, IL) -- U.S. Senator Dick Durbin says people with outstanding student loans should get a break on interest rates. Congress now ties student loan rates to the financial markets, which currently means the rates are low. Appearing at Loyola University, Durbin says people holding older loans should also qualify for those lower rates. He's proposing legislation to allow those people to refinance their older loans to get the new, lower rate.