Legislation aimed at allowing student loan borrowers to refinance their debt died in the Senate on Wednesday after it failed to get the required 60 votes needed to advance the bill.

The Bank on Students Emergency Loan Refinancing Act was championed by Sen. Elizabeth Warren, D-Mass. At a news conference, she vowed to continue pushing the issue.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.