interest rates

interest rates

Sen. Richard Durbin Discuses College Loan Debt With NIU Students

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During a Friday visit to Northern Illinois University, U.S. Senator Dick Durbin (D-IL) discussed legislation introduced in the Senate earlier this year to allow student loan holders to lower their loans’ interest rates with students, alumni and NIU President Doug Baker. The bill, which Durbin co-sponsored, allows current loan holders to refinance to a lower interest rate. A vote is expected on the bill when the Senate reconvenes the week of Sept. 8, 2014.