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The Boston Globe

Nation

Republicans reject Warren bill that would have eased student loans

WASHINGTON — Senate Republicans blocked legislation Wednesday aimed at letting people refinance their student loans at lower rates, a pre-ordained outcome that gave Democrats a fresh election-year talking point against the GOP.

The 56-to-38 vote fell short of the 60 needed to advance to debate on the measure by Senator Elizabeth Warren, Democrat of Massachusetts. Her bill would have let millions of borrowers, some with years-old debt and interest rates topping 7 percent or more, refinance at today’s lower rates.

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