WASHINGTON, March 24 -- Sen. Peter Welch issued the following press release:
U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, today joined U.S. Representative Joe Courtney (D-CT-02) in reintroducing the Student Loan Interest Elimination Act, bicameral legislation to refinance the interest on federal student loans for all existing borrowers to zero percent and cap interest rates for future borrowers. The lawmakers' legislation would make higher education more affordable by immediately eliminating interest rates for the nearly 43 million Americans with existing federally held student loans.
"Student debt holds so many Vermonters back from achieving their dreams-whether they're hoping to buy a home, grow their fam...