LATEST SENATOR NELSON
Sen. Bill Nelson will appear in Orlando on Wednesday to unveil new legislation to cut student loan interest rates and to allow borrowers to refinance existing federal student loans.
Nelson's bill seeks to to permanently cap interest rates for undergraduate students at 4 percent.
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Led by U.S. Sens. Bill Nelson (D-FL), Claire McCaskill (D-MO), Kirsten Gillibrand (D-NY), and Patty Murray (D-WA), 36 senators today sent a letter to Secretary of Education Betsy DeVos expressing concern over recent reports that some student-loan borrowers may not be able to rely on the notices they received regarding their eligibility for Public Service Loan Forgiveness.
“Our nation’s student loan borrowers who uphold their commitments expect the federal government to do the same,” the senators wrote. “Members of our military, first responders, teachers, social workers, public defenders, and many other honorable public servants across the country are dedicating 10 or more years of their lives to help their communities in return for the basic promise of relief on their student loan debt.”
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