Please allow ALL federal education loan debtors to refinance their student loan interest rate to a lower rate. Student loan debt is crushing the people who can do the most to stimulate the economy. Rather than making contributions to the economy by starting a company, or even purchasing consumer goods, houses, cars, etc. Instead, we are resigned to repay our student loans at a rate that is unchangeable and onerous.
Student loan debtors usually do not own a home, yet have the equivalent of a mortgage, and a mortgage that can not be discharged in bankruptcy, assigned or refinanced. This is crippling the people who would otherwise be jump-starting the economy.
By Chris Niro
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