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Bill Clinton’s Claim That College Loans Can't Be Refinanced Is Mostly True
Former President Bill Clinton raised a hot-button issue while stumping for his wife in Los Angeles this week: America’s mounting student loan debt.
Student debt in the United States has reached $1.3 trillion, which trails only the amount Americans owe on their mortgages. It’s often blamed for preventing young people from buying houses and cars, which fuels the country’s economy.
Undergraduates in the class of 2015 finished school with an average of $35,000 in student loan debt, the most in history, according to Edvisors.com, a financial aid website.
Student debt in the United States has reached $1.3 trillion, which trails only the amount Americans owe on their mortgages. It’s often blamed for preventing young people from buying houses and cars, which fuels the country’s economy.
Undergraduates in the class of 2015 finished school with an average of $35,000 in student loan debt, the most in history, according to Edvisors.com, a financial aid website.
Bottom line federal student loans cannot be refinanced with another federal loan.
http://www.politifact.com/california/statements/2016/apr/06/bill-clinton/bill-clintons-college-debt-claim-mostly-true/
