New Mexico lawmakers introduce bill to make paying off student loans easier

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ALBUQUERQUE, N.M. (KRQE) – New Mexico lawmakers are backing a bill making it easier for Americans to pay off their student loans.

Senators Tom Udall and Martin Heinrich joined Massachusetts Senator Elizabeth Warren to introduce the “Bank on Students Act,” which would allow people to refinance student loan debt at a lower interest rate.

New Mexico students graduate with an average of nearly $20,000 of debt.

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