Senator seeks to let students refinance into cheaper loans

http://blogs.marketwatch.com/election/2013/06/25/senator-seeks-to-let-students-refinance-into-cheaper-loans/

The bill, called the “Refinancing Education Funding to Invest for the Future Act”, mandates that there be no net cost to the federal government from the refinancing. The report said the bill suggests policy makers consider using the Federal Reserve, Federal Home Loan Banks or Federal Financing Bank as sources of credit for borrowers who would refinance.
A spokesperson for Brown wasn’t immediately available for comment about the bill.
The proposal would come as Congress and the White House are staring down the scheduled doubling on July 1 of subsidized government loans. Students would face a 6.8% interest rate if Congress doesn’t act in the next few days.
President Barack Obama is scheduled to meet with congressional leaders on Tuesday afternoon, and there’s a good chance that student loans is on the agenda.

Its all fake anyway so no loss...