WASHINGTON, D.C. -- The U.S. Senate voted not to move forward a student loan refinancing bill today.
The vote in the Senate was 56-38, four votes short of the 60 votes needed to progress.
Democrats blamed Republicans for blocking the bill, which would have allowed students to refinance their college loans at lower rates.
"Refinancing college loans? The message from the Republicans is 'Get lost,'" said Senator Dick Durbin of Illinois.
Republicans, meanwhile, said Democrats were capitalizing on the student loan debt issue for their own political purposes.