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Government student debt refinancing has support among lawmakers, but no near term agreement

Jessica Schmidt, 30, is trying to pay down her student loans, but interest rates make that a struggle. The graduate student at the University of Wisconsin-Madison is trying to finish a master’s degree in communications while working two jobs to pay off debt from her bachelor’s degree at the University of Wisconsin-Green Bay. Schmidt has paid almost more in interest on one loan than the original $6,000 amount, she said.