Right now we're part of a, I'm part of a small group of senators. The federal government charges you 8% on that interest for the loan. You can go get a mortgage at 4. Yeah, We should lower it [student loan interest rate] to 1 or 1 and a half. And that would save your friend tens of thousands of dollars over the next decade or two of her life. But second, we gotta find a way to make college debt free. (03:37–03:40)
CLAIM
Advocates for reducing federal student loan interest rates to 1-1.5%.
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