The student loan program is yet another example of a program that sounds good at the outset- but has negative consequences long term. Yes, borrowers of any sort can re-finance, so student borrowers should be afforded this same opportunity. The student loan program directly led to the huge increases in College tuition, and trapped borrowers In a spiral of ever increasing debt, There was no counseling about getting an education in areas that the economy needs and is willing to pay for. The government failed these borrowers and needs to help get them out from under their crushing debt.

It should be forgiven in total. Barring that, you can refinance any other loan, why not this? Arthur- SUGGESTION. Try Employment law as a paralegal. You have the most autonomy and you can work on your own representing anyone before any Administrative Judge. That includes any military, Union, Social Security, EEOC, Unemployment or Disability cases. Any case before an Administrative Judge does not require a lawyer just a representative.. You can really make a difference in your community and a good living.

Since student loans cannot be part of a bankruptcy, it is only fair that they should be able to refinance the loan for a lower rate/longer period.

Absolutely! Actually, I agree with Kodiwodi. We should wipe the debt clean and start over, reining in the excessive amounts these colleges are charging. I paid $1500.00, a year, inclusive of room and board, to go to a very well-known college in the 70’s. What they charge today is unconscionable. I know many of you think it would be unfair to those of us who struggled, yet paid our debt in full! However, those of us who paid our mortgages on time and weathered the 2007 debacle, had to sit by and watch as we bailed out the criminal bankers (who caused the mess, but were never punished for it) and saw thousands of people being forgiven for their mortgage debts, declaring bankruptcy and getting their credit rating restored, while those of us who religiously made our payments were not rewarded in any way. That was unfair, too. Yet we did it because it was a necessary thing to do. Just as getting this college debt forgiven, or greatly reduced is. We need to get these kids back in the mainstream. In the long term, it will benefit us all.

Yes, student borrowers should be allowed to refinance their loan package, much like another type of loans. However, in my mind, a lack of Republican support makes me reluctant to put a check mark in the YEA box. Maybe a little investigation is needed since it appears that some version of this bill has been brought to the floor in prior years.

It’ll make it easier for borrowers to pay back the loans when issues arise and it’ll allow lenders to recoup much more of the cost.

It is to our advantage to educate our population so we can compete with other countries that have already surpassed us on education. The increase in the cost for college over the past several years had caused people who aren’t well off financially to require loans to go to college. And those loans are accompanied by high interest rates. It’s nearly like we are trying to dumb down the citizens of our country. And, if you watch what is happening now, I think it’s working. I’d like to see more states fund college by lottery or otherwise. But, at the very least college loans interest rates should be eliminated.

Refinancing yes. But shouldn’t we investigate why the colleges are so EXPENSIVE???? They are for the most part ran and operated by LIBERALS AND LEFTISTS. Shouldn’t THEY BE INVESTIGATED??? Where is ALL the money going??? We all pay to play. And the Education in these days are terrible. Nice was a shining light in the entire world our colleges have dwindled to a smoldering pile of ashes. All of our countries schools not just Colleges have fallen behind the rest of the world why???

I’m all for students being able to Refinance Their ”Student Loans” Allowing student loan borrowers to refinance their student loans will lower their payments and let them spend that money in other parts of the U.S. economy. SneakyPete..... 👍🏻👍🏻 Refinance 👍🏻👍🏻. 5.25.19.....

Students need all the help they can get to meet their goals of a fruitful career without the lingering debts.

Of course they should be able to refinance! Americas youth is being held in lifetime debt for simply getting an education which we all benefit from so banks can make record profits. Our congress does nothing because too many are working for the benefit of the banks at the expense of our young citizens. Unacceptable!!!

Yes. Allow borrowers to refinance Federal student loans.

I support this refinance bill as long as the student's payment history is good on the loan. I think that this is a fair compromise to addressing the issue of educational costs rather than free education that only redeploys the cost to other taxpayers.

Yes & in some cases forgiven entirely. How about bailing out the people for once. Trillions were gifted to bail out ‘too big to fail’ banks in 2008 to prevent a mortgage collapse. Less was needed to simply refi or forgive all sub-prime mortgages. We now face the exact same problem with student debt. Let’s see who gets bailed out this time. Spoiler alert - not the people.

Of course!

Schools charging this much is insane. End this disaster before we have the next recession

The Nay reason sounds like something a tyrant would establish. We’re supposed to be a free market. I know government has taken over student loans, but this ruling should open up the market to provide cheaper and better services to students. Government should NOT be in any loan business.