Minnesota News Network
(Washington, DC) -- A Minnesota lawmaker is sponsoring legislation meant to help reduced student debt. U-S Senator Amy Klobuchar says the Reducing Student Debt, or RED Act would allow refinancing federal student loans at a lower rate. Another bill would increase the amount of Pell Grants, and expand the program to also offer Pells over summer term. Klobuchar says she believes the bills will get bipartisan support because student debt is hurting the U-S economy and keeping Americans from competing on an even field with educated workers in other countries.