Sen. Walsh Aims to Reduce Student Loan Debt - ABC FOX MONTANA NEWS, WEATHER, SPORTS - KTMF/KWYB

Sen. Walsh Aims to Reduce Student Loan Debt

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MISSOULA -

Senator John Walsh visits the University of Montana about reducing student loan debt and college affordability.

Senator Walsh met with UM faculty, staff and students to learn about the challenges of paying for higher education.

Walsh also sponsored the Federal Student Loan Refinancing Bill.

The bill allows students repaying federal loans to refinance to a fixed interest rate of 4 percent.

"I think we need to first of all providing financial literacy classes to our young men and women so that they understand the debt that they are taking on, the impact that will have after they graduate from college," said Senator Walsh.

In Montana, the average student will leave with about $26,000 in student loans, which is slightly higher than the national average of $25,000.

UM was Senator Walsh's first stop on a tour of colleges across the state.

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