Congress must work on reducing the interest rate for these students first. It's ridiculous to have our new graduates be tide up with high interest rates while fed rate is below 3%. Students that graduate must have the most favorable rates. Based on what I have observed, private financial institutions are trying to refinance students' loans to make profit off these young graduates. Dept. of Education or fed should refinance student loans to the lowest rate possible. Young people fresh out of college need to start strong so they can contribute to the economy. We should be as generous as possible to this group of people. They will carry the economic ball forward for all of us.