Republicans block student loan refinance bill

Republicans block student loan refinance bill


KGMI News Reporting
By Tracy Ellis

BELLINGHAM, Wash. – Senate Republicans have blocked a measure that would have helped some current and former university students with student loan debt.

An election-year attempt by Democrats to let people refinance their student loan debt at lower rates didn’t get enough votes yesterday to move forward.

That didn’t make Washington Democratic Senator Maria Cantwell happy.


The Obama Administration says the legislation could have helped about 25 million borrowers save $2,000 a piece.

Republicans accuse Democrats of looking for a political issue and raising taxes.

The bill would have been paid for with the so-called ‘buffett rule’, which sets minimum tax rates for people making over one million dollars.

Recent Headlines

in Entertainment

‘Mortdecai,’ ‘American Ultra’ among the year’s biggest box office flops


The list of this year's most disappointing box office performers is out.

in Local Sports

Washington’s Chris Petersen signs 2-year contract extension

Washington Huskies head coach Chris Petersen in action against Eastern Washington in an NCAA football game Saturday, Sept. 6, 2014, in Seattle. Washington won 59-52.

Washington coach Chris Petersen has signed a two-year contract extension keeping him tied to the Huskies through the 2020 season.

in Local Sports

Washington seeks bowl eligibility against streaking WSU in 108th Apple Cup

Apple Cup

WSU can plant itself into one of the top-tier Pac-12 bowl games with a victory UW needs a win to reach six victories and become bowl eligible. Hear all the action Friday on KPUG, beginning at 10:30 a.m.!

in Black Friday, Lifestyle

Three ways to curb holiday spending


Ah, the holidays. A time to get together, celebrate with family and make questionable life choices.

in Local Sports

M’s pitcher Danny Hultzen clears waivers, outrighted to AAA Tacoma


Hultzen was designated for assignment on November 20.