Sen. Dick DurbinRichard (Dick) Joseph DurbinThe Hill's Morning Report - Presented by Facebook - Negotiators signal relief bill stuck, not dead White House officials, Democrats spar over legality, substance of executive orders Sunday shows - Trump coronavirus executive orders reverberate MORE (D-Ill.) called on Republicans to allow a vote on a bill that would allow the refinancing of student loan debt.

“We cannot afford to stand by and do nothing while America’s next generation is sentenced to debt,” Durbin said Wednesday.

ADVERTISEMENT

Durbin called for the passage of Sen. Elizabeth WarrenElizabeth WarrenOvernight Health Care: Nearly 100,000 children tested positive for coronavirus over two weeks last month | Democrats deny outreach to Trump since talks collapsed | California public health chief quits suddenly On The Money: Administration defends Trump executive orders | CBO reports skyrocketing deficit | Government pauses Kodak loan pending review Harris favored as Biden edges closer to VP pick MORE’s (D-Mass.) Bank on Student Emergency Loan Refinancing Act, which Republicans blocked earlier this year.

“The bill, which I co-sponsored earlier this year, would help ease that burden by allowing students to lower their interest rates,” Durbin said. “I hope some of my Republican colleagues will reconsider and vote to move forward on legislation that will give struggling students and families a fair shot at a higher education without a mountain of debt.”

Durbin said 40 million borrowers are being crushed by the combined $1.2 trillion owed in student loan debt. The average college graduate owes nearly $30,000 after getting his or her degree.  

“They do the right thing: they go to school to get ahead but end up with so much debt that it becomes impossible for them to ever pay it back, let alone get ahead,” Durbin said.