Refinanciang Student Loans

Source: Dustin Weeden, LegisBrief, Vol. 25 no. 8, February 2017

Increasing numbers of students are borrowing money to pay for higher education, incurring historically high levels of debt. Policymakers are concerned about the amount students are borrowing, their ability to repay, and the broader economic impacts of student debt. Refinancing existing loans at lower interest rates is one solution, and at least 12 states currently operate their own refinancing programs for students.