Instead, the senator from Massachusetts wants students to be able to refinance federal student loans.
Lower interest rates should allow such people to refinance and improve their income flows.
Lower interest rates are making it far easier for borrowers to refinance their way out of trouble.
One congressman asked if his friend should refinance his mortgage.
Too many families who have never missed a payment and want to refinance are being told no.
That way, they will be in a better position to refinance without the help of the government or even sell their home.
Through March 2012, HARP was only permitted to refinance mortgages that were up to 125 percent of the value of a home.
We are told—because it is true—that the Italians must refinance a bit more than $200 billion in the next year.
Willingness to refinance should have been a precondition of TARP aid back in 2008 and 2009.