Makes Student Loans More Affordable and PracticalThe College Affordability Act also revamps student loans in several ways. Simplifies Student Loan RepaymentToday, the latest student loan debt statistics show that there are more than 44 million borrowers who collectively owe $1.6 trillion of student loan debt. Allow Borrowers To Refinance Student LoansThe federal government does not refinance student loans. If you want to refinance student loans, you can refinance your federal student loans, private student loans or both with a private lender. Student loan refinancing helps you get a lower interest rate, lower your monthly payment and pay off student loans faster.

Source: Forbes October 17, 2019 12:22 UTC