Today: Blumenthal to talk about college affordability at Bassick

U.S. Senator Richard Blumenthal (D-Conn.) will meet with students on Friday who were accepted to their first choice colleges, teachers and counselors at Bridgeport’s Bassick High School.

The group will discuss about the college affordability crisis, seeking input from those most impacted about the challenges of paying for a college education, and meaningful ways to lower the cost of college and reduce the $1.2 trillion in outstanding student loan debt nationwide.

Blumenthal has called for immediate national action to address college affordability, including measures to improve the existing Public Service Loan Program, and measures to address overall college costs, including tuition and textbooks. Most recently, he joined Sens. Chris Murphy (D-Conn.), and Elizabeth Warren (D-Mass.) in introducing the Bank on Students Emergency Loan Refinancing Act, which would allow those with outstanding student loan debt to refinance at the lower interest rates currently offered to new borrowers.

Student loan debt currently approaches $1.2 trillion nationwide, outpacing credit card debt and auto loan debt, hindering home ownership, retirement savings, basic household spending and career choices for millions of graduates, and crippling national economic growth.

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