Jon Americans News Today

But critics say its going to cost taxpayers a bundle. rich edson with the fox business network live in washington. rich. >> reporter: well, jon americans owe more than a trillion dollars in student loans the interest rates they pay on the loans varies. some government subsidized loans feature rates of 3.4%, some are more than double that. a new york senator has introduced a bill to allow students paying interest of more than 4% on their federal government loans to refinance to a fixed 4% rate. s...