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MAY 07, 2014 - Huffington Post

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How Arne Duncan Is Undercutting Senate Democrats On Student Loan Reforms

WASHINGTON -- The Department of Education is stonewalling Democratic lawmakers' efforts to protect student borrowers from sky-high interest rates and dishonest loan practices, driving a wedge between Senate Democrats and the Obama administration over economic policy in an election year. This week, two dozen Democratic senators led by Elizabeth Warren of Massachusetts introduced a bill that would enable millions of borrowers to refinance expensive student loans at significantly lower interest rates, allowing many to save thousands of dollars a year. The proposal is a central element of ... Read More

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