Detailed text transcripts for TV channel - FOXNEWS - 20130520:16:40:00
But critics say it's 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. supporters say cash-strapped two dents should also benefit from the low interest rates available acr...
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