Senator Durbin talks student loan debt at Illinois State University

By WEEK Producer

May 29, 2014 Updated May 30, 2014 at 11:06 AM CDT

NORMAL, Ill. -- Student loans have had a firm grasp on college graduates' income for years.

Senator Dick Durbin was on the campus of Illinois State University on Thursday to discuss a new bill that would ease the interest rates of those loans after school.

The bill calls for dropping existing and future interest rates to under 4-percent for undergraduates, and under 6-percent for graduate loans.

Senator Durbin, along with two ISU graduates, spoke on just how important this is to Congress and grads with high debt.

"If they ignore the problem, if candidates don't understand that this is a problem, they should pay a price in November,” Durbin said.

"Absolutely as a college student, as a graduate, I couldn't be happier for that,” said Shianne Poshard. “A lot of students jump into not knowing what to expect, and I think this is a great opportunity to help those students in the long run to help pay that off faster."

The Senate is expected to consider the student loan bill within a couple weeks.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.