Rep. Mike Lawler, R-N.Y., has introduced legislation that would slash student loan interest rates to one percent and permit federal borrowers to retroactively refinance their debt.
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Democrats natural instinct is always a giveaway which does nothing but make the problem worse. Common sense would be to reduce the interest rate on outstanding student loans, helping those in debt reduce their expense. This would cost the government (tax payers) far less while at the same time helping solve the problem. Win win for everyone.
