Senator Elizabeth Warren , center, joined by other women of the Senate, holds a news conference on her bill, the Bank on Students Emergency Loan Refinancing Act, which would allow people with outstanding student loan debt to refinance at the lower interest rates currently offered to new borrowers, on June 4, 2014, on Capitol Hill. A group of Senate Democrats, led by Elizabeth Warren of Massachusetts, urged the government to offer relief to distressed borrowers this week, even if that dampens the profit it makes from collecting on people with outstanding loans.
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