(KTVI) – It’s a fact: $100 billion dollars are borrowed every year. There is an outstanding debt of more than $1 trillion that Americans owe in student loans. There is a hearing set for Tuesday morning in Washington, D.C. that will look into debt that comes from private student loans.
Hosting that hearing is Illinois Senator Dick Durbin. Senator Durbin explains the Fairness for Struggling Students Act and what it entails.