June 11, 2014 / 2:35 PM / 3 years ago

U.S. student loan refinancing bill fails Senate hurdle

WASHINGTON, June 11 (Reuters) - Democratic-sponsored legislation to allow student loan borrowers to refinance at lower interest rates failed to clear a procedural hurdle in the U.S. Senate on Wednesday.

The bill fell short of the 60 votes needed to end debate and move to a final vote.

Reporting by Eric Beech; Editing by Sandra Maler

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