Murphy pushes student loan refinance bill, cites his own lingering debt

HARTFORD, Conn. – U.S. Sen. Chris Murphy mentioned his own lingering college debt Thursday in support of legislation Senate Democrats hope to pass in June, which would allow former college students to refinance their own loans.

“Young families all across this state are feeling the squeeze of paying back prior indebtedness and saving for their children’s education. I’m no different,” he said. “While my wife and I don’t complain about the amount of money we make, we’re still paying back our student loans as well as saving for our kids’ college.”

It doesn’t seem like a stretch for the first-term Democrat who is often ranked as among the “poorest” of the 100 senators and whose finances were discussed during the 2012 campaign when a brush with foreclosure in 2007 became widely publicized.

But the statement caught the attention of the National Journal this month, when the Washington D.C.-based magazine questioned why Murphy does not pay off the lingering debt when he has recently reported having saved more than $100,000 in a joint bank account with his wife.

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