{"database": "press", "table": "releases", "rows": [["https://www.durbin.senate.gov/newsroom/press-releases/durbin-duckworth-ramirez-introduce-bill-to-expand-student-loan-refinancing-for-service-members", "Durbin, Duckworth, Ramirez Introduce Bill to Expand Student Loan Refinancing For Service Members", "2025-11-20", "2025", "2025-11", "Democrat", "Senate", "IL", "Richard J. Durbin", "D000563", "www.durbin.senate.gov", "durbin", "https://www.durbin.senate.gov/newsroom/press-releases", "scraper", "The Servicemember Student Loan Affordability Act would allow service members to consolidate or refinance pre-service private or federal student loan debt, and retain six percent rate cap\n\nWASHINGTON \u2013 U.S. Senate Democratic Whip Dick Durbin (D-IL), U.S. Senator Tammy Duckworth (D-IL), and U.S. Representative Delia Ramirez (D-IL-03) today introduced the Servicemember Student Loan Affordability Act, bicameral legislation that would amend the Servicemembers Civil Relief Act (SCRA) to allow service members to consolidate or refinance student loan debt they had when they entered the military and continue to benefit from the six percent interest rate cap to which they are entitled through the SCRA.\n\nA provision in the SCRA protects service members from high student loan interest rates by capping interest rates at six percent on loans that they took out before entering active-duty military service. However, if a service member consolidates or refinances their student loans, which is required for Federal Family Education Loans or Perkins student loan borrowers to benefit from the Public Service Loan Forgiveness (PSLF) program, that new loan is no longer eligible for this interest rate protection.\n\n\u201cWhen someone volunteers to serve in our military, they shouldn\u2019t be met with bureaucratic roadblocks that make it harder for them to pay back their student loans,\u201d Durbin said. \u201cThe Servicemember Student Loan Affordability Act would make a commonsense fix to the SCRA to ensure that service members are not penalized for participating in the Public Service Loan Forgiveness program.\u201d\n\n\u201cAs higher education slips further out of reach for so many Americans, we should be doing everything we can to make it more affordable\u2014especially for those who choose to serve in the military,\u201d Duckworth said. \u201cI\u2019m proud to continue working with Senator Durbin on this commonsense legislation that would protect our Servicemembers from high interest rates when they consolidate or refinance their student loans.\u201d\n\n\u201cOur veterans deserve every benefit our nation has promised, including a quality education that helps them transition back into their civilian life. But, like so many students in our nation, student veterans endure predatory student loan interest rates that leave them in debt and struggling to make ends meet. Our bill protects our servicemembers from high interest rates when they are consolidating or refinancing their loans,\u201d said Ramirez. \u201cAs we support our veterans, I will continue to advocate for the cancellation of all student loans and free, quality education for all those who wish to pursue it.\u201d\n\nAccording to a report by the U.S. Government Accountability Office, as of 2020, nearly 200,000 active-duty service members held federal student loan debt, and nearly half of those active-duty service members had balances more than $13,000.\n\nWith an outstanding balance of more than $1.6 trillion, student loan debt has surpassed credit cards as the largest cumulative consumer debt in America, second only to mortgages. Student loan debt falls particularly hard on service members, who too often, find it difficult to work with student loan servicers and receive the benefits to which they are entitled. The Servicemember Student Loan Affordability Act would ensure federal law does not interfere with service members obtaining the benefits they have earned by serving our country.\n\nJoining Durbin and Duckworth in introducing the legislation in the Senate is U.S. Senator Kirsten Gillibrand (D-NY). Joining Ramirez in introducing the legislation in the House are U.S. Representatives Suzanne Bonamici (D-OR-01) and Mike Levin (D-CA-49).\n\nThe Servicemember Student Loan Affordability Act has earned the endorsement of Institute for College Access and Success, National Education Association, American Federation of Teachers, Military Officers Association of America, Wounded Warrior Project, National Guard Association of the U.S, Tragedy Assistance Program for Survivors, Veterans of Foreign Wars, and Student Veterans of America.\n\n-30-", 1, "2026-03-30T01:40:41Z", "2026-04-06T19:52:45Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.durbin.senate.gov/newsroom/press-releases/durbin-duckworth-ramirez-introduce-bill-to-expand-student-loan-refinancing-for-service-members"], "units": {}, "query_ms": 1.5324191190302372, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}