Rep. Kline: Senate is Wringing Its Hands Instead of Passing Student Loan Reform

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Student debt in the United States stands at a record high of $1.1 trillion- it surpasses auto and credit card debt and is second only to mortgage in U.S. household debt.Congressman John Kline wants to make sure this doesn’t happen. Rep. Kline sponsored a bill that would replace the current fixed-rate interest system that congress introduced in 2006 with rates based on the yield of the 10-year Treasury note, which was 2.18% on Tuesday.

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