http://www.marketwatch.com/story/3-proposals-from-elizabeth-warren-and-other-senate-dems-to-fix-student-debt-2016-01-21
Senators Elizabeth Warren (D-Mass.), Patty Murray (D-Wash.), Tammy Baldwin (D-Wisc.), Chuck Schumer (D-N.Y.) and others announced a package of legislation they say will make higher education more affordable for future college students and help borrowers currently struggling with debt better manage their burden.
The package, dubbed the RED Act, a reference to a campaign that activists and members of Congress launched on social media during the State of the Union speech last week to help students and borrowers who are “#InTheRed,” hashtag includes three proposals that various Senate Democrats have championed in recent years.
The first proposal is a federal-state partnership that would waive resident tuition for two years of community college. Under the bill, for every $1 a state puts in to make community college free, the federal government would provide $3. The package also includes a proposal that would index the Pell grant — the money the government provides to low-income students to attend college — to inflation and provide mandatory funding for the program. The third component of the bill would allow current student loan borrowers to refinance their loans at lower interest rates.
not enough by any measure
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