Durbin Wants More Options For Paying Student Loans

(Edwardsville, IL) -- U.S. Senator Dick Durbin says college grads should be able to refinance their student loan debt. He says many of them didn't realize what they signed up for when they took the loan out, and now they're having trouble paying the loan back. Durbin says refinancing will drop the interest rate and lower the monthly payment amount. He plans to call the measure for a vote in the second week of September.