(Source: Angus S Jr King) Tuesday, February 24, 2015 WASHINGTON, D.C. - U.S. Senator Angus King (I-Maine) released the following statement today on the conclusions of a three-part study conducted by the Federal Reserve Bank of New York, which found that a significant portion of student borrowers who ultimately default on their education loans are those who carry relatively modest loan balances. Earlier this year, Senator King, along with Senator Richard Burr (R-N.C.), reintroduced the Repay Act, legislation that would simplify the complex maze of federal student loan repayment programs by consolidating many of the benefits of current repayment programs into two plans: a fixed...
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