New TV Ad: Jeanne Shaheen Is Fighting Rising College Costs, Working To Make A Difference For New Hampshire Students And Their Parents
Manchester, NH – A new television ad from Jeanne Shaheen’s campaign highlights how Shaheen is working to lower college costs for New Hampshire students and their parents by giving them the freedom to refinance their college loans, just like they can with a home mortgage or car loan. The ad, running 30 seconds, began airing Sunday on televisions stations in New Hampshire.
“Jeanne Shaheen has deep roots in New Hampshire. She raised her family here and her record proves she shares our values. She understands the importance of education to our kids and their future,” said Campaign Manager Mike Vlacich. “That’s why as Governor she expanded public kindergarten and created a tax free tuition savings program, and why as Senator she’s introduced new legislation to lower the cost of college loans. New Hampshire comes first for Jeanne Shaheen and always has.”
In the Senate, Jeanne Shaheen was an original cosponsor of the Bank on Students Emergency Loan Refinance Act that would allow students in New Hampshire and across the country to refinance their loans at lower interest rates. While the legislation was blocked by congressional gridlock and a Republican filibuster, it would have helped 25 million borrowers across the country save thousands of dollars on their loan payments. Individuals with older loans at higher interest rates would be able to refinance at rates below 4 percent.
New Hampshire college graduates leave school with $33,000 in student loan debt on average. It is the second highest rate of debt in the country. Over half of the more than 200,000 Granite Staters with federally backed student loans would benefit from Senator Shaheen’s legislation.
Independent economists point to the relatively low share of first-time home buyers in today’s market compared with historical levels as a result of increasing levels of student loan debt. Graduates with high monthly student loan payments are less likely to qualify for a mortgage or have been able to save money for a down payment on a home.
“New Hampshire students leave college on average with $33,000 in debt. It can slow them down for years. But right now, our students can’t refinance their loans the way you can refinance a car loan or a mortgage,” says Senator Shaheen in the new television ad. “I want to change that. I am fighting for a bill to allow students to refinance their loans. It will lower rates and save families thousands of dollars.”
Watch the new television ad here http://jeanneshaheen.org/burden