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	Podcast:		Exam
	Episode:		Exam - Proposed Bill to Change How Students Repay Loans
	Category:		Government & Organizations
	Duration:
	Publish Date:		2016-02-19 13:19:10
	Description:		In late January, Missouri House Rep. Kip Kendrick filed his first bill of this year’s state legislative session. Kendrick’s bill, the Student Debt Relief Act, would give Missouri college graduates the ability to refinance any student loans after graduation. “Currently there are zero options to refinance student loans in the state of Missouri. So it’s about providing graduates and individuals working an option to be able to refinance and to lower rates, but then also to really make sure that the repayment issue is addressed,” Kendrick said. According to Kendrick, students graduating from college sometimes have loans from multiple sources. The proposed bill will allow students to consolidate those loans into one and then refinance them at a lower interest rate. In addition to lowering interest rates, the bill would also help students repay their loans. “I think what we’re witnessing right now is more of a repayment crisis. Students are required to repay the bulk of their loans when their
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