Senator wants deep discounts on student loans

Lead Senator Elizabeth Warren student loans_00025021.jpg
Lead Senator Elizabeth Warren student loans_00025021.jpg

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    Senator wants discounts on student loans

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Senator wants discounts on student loans 05:17

Sen. Elizabeth Warren, D-Massachusetts, introduced a bill that would take the interest rate for student loans from 3.4% to less than 1%.

"If the American taxpayer is gonna invest in those big financial institutions by giving them a great deal on their interest rate, let's invest in those students by giving them the same deal," Warren told CNN's Jake Tapper.
Critics say it's not quite the same -- student loans are riskier than short-term, bank-to-bank lending. Warrens says loans for big banks are no-risk because they're still "too big to fail."
"Let's make at least a level playing field on those investments," she said.