"Borrowers, even after graduating and attaining employment, find themselves unable to take advantage of their improved credit profile and today's historically low interest rates," the CFPB's Rohit Chopra said in a speech late last year.

RBS Citizens to Start Refinancing Student Loan Debt

The Providence, R.I., bank is introducing the loans at a time when regulators have been lamenting the lack of options for college graduates who are locked into high interest rates.

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