Sunday, Nov 29th

Last update06:44:16 AM GMT

You are here News Congress U.S. student loan refinancing bill fails Senate hurdle

U.S. student loan refinancing bill fails Senate hurdle

E-mail Print PDF

US loan refinance bill failsDemocratic-sponsored legislation to allow student loan borrowers to refinance at lower interest rates failed to clear a procedural hurdle in the U.S. Senate on Wednesday.

The Senate voted 56-38 to end debate and move to a final vote, short of the 60 votes required.

Democrats had said their measure would let holders of both federal and private undergraduate loans - some with rates of 9 percent or higher - to refinance at 3.86 percent.


Most Recent Related Stories...

Obama signs defense bill despite Guantanamo provisions

Obama signs defense billPresident Barack Obama on Wednesday signed a $607 billion defense policy bill, despite his opposition to...

Congress Shorted 9/11 Responders By $12 Billion

Congress shorts first respondersWhen Congress rushed to finish a 9/11 health and compensation bill in 2010, just before Christmas,...

Ex-staffer sues Gowdy and Benghazi panel

Gowdy and Benghazi panel suedThe ex-GOP House Benghazi investigator who accused the panel of conducting a partisan witch-hunt against Hillary...

Senate passes legislation barring transfer of Guantánamo prisoners to US

Senate passes legislation barring Gitmo prisoners from USBarack Obama’s efforts to fulfil his promise of closing the Guantánamo Bay detention centre before he...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!