Some of the Proposals for Tackling Student Debt

The White House and lawmakers offer potential legislation.

We Feel Your Pain - On June 9, President Obama used his executive authority to ease the economic burden for student-loan borrowers, millions of whom are struggling with repayment. He also backed a bill introduced by Massachusetts Sen. Elizabeth Warren that would enable borrowers to refinance their loans. "I'm only here because this country gave me a chance through education," Obama said. "We are here today because we believe that in America, no hard-working young person should be priced out of a higher education." (Photo: Alex Wong/Getty Images)

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Reducing Student Debt - President Barack Obama and lawmakers in Congress are debating how to address the issue of rising student loan debt that experts say is contributing to the widening between the rich and everyone else. Keep reading to look at some of the proposals. —Associated Press and Dominique Zonyeé (@DominiqueZonyee)(Photo: Alex Wong/Getty Images)

The  Pay-As-You-Earn Repayment Plan - Obama has proposed extending the Pay-As-You-Earn repayment plan to all student borrowers. The program caps student loan payments based on income, but is currently only available to borrowers who took out loans after October 2007.(Photo: Win McNamee/Getty Images)

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The  Pay-As-You-Earn Repayment Plan - Obama has proposed extending the Pay-As-You-Earn repayment plan to all student borrowers. The program caps student loan payments based on income, but is currently only available to borrowers who took out loans after October 2007.(Photo: Win McNamee/Getty Images)

Refinancing at Lower Interest Rates - Sen. Elizabeth Warren, D-Mass., has proposed allowing people with high-interest student loans to refinance at today's 3.86 percent rate and would pay for it by raising taxes on the wealthiest Americans.(Photo: Drew Angerer/Getty Images)

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Refinancing at Lower Interest Rates - Sen. Elizabeth Warren, D-Mass., has proposed allowing people with high-interest student loans to refinance at today's 3.86 percent rate and would pay for it by raising taxes on the wealthiest Americans.(Photo: Drew Angerer/Getty Images)

Federal Student Loan Refinancing Act - Sen. Kirstin Gillibrand, D-N.Y., introduced the Federal Student Loan Refinancing Act last May to allow borrowers that received loans under the Direct Loan or Federal Family Education Loan program after July 1, 2006, to consolidate them into one with an interest rate of 4 percent or less. Instead of paying more than $47,600 over the life of a 20-year, $26,000 loan, the borrower would pay $37,800.(Photo: Win McNamee/Getty Images)

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Federal Student Loan Refinancing Act - Sen. Kirstin Gillibrand, D-N.Y., introduced the Federal Student Loan Refinancing Act last May to allow borrowers that received loans under the Direct Loan or Federal Family Education Loan program after July 1, 2006, to consolidate them into one with an interest rate of 4 percent or less. Instead of paying more than $47,600 over the life of a 20-year, $26,000 loan, the borrower would pay $37,800.(Photo: Win McNamee/Getty Images)

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Student Loan Borrowers' Bill of Rights Act - Rep. Frederica Wilson, D-Fla., introduced the Student Loan Borrowers' Bill of Rights Act, which would remove educational loans from the list of debts that can't be discharged in bankruptcy. (Photo: Alex Wong/Getty Images)

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Students Should Know Their Rights - The Student Right to Know Before You Go Act of 2013, with Republican and Democratic sponsors, require colleges to report data to offer students cost-benefit analyses comparing how much they can expect to earn in a particular field with how much they will owe after earning a degree in a given subject.(Photo: Mario Tama/Getty Images)

Student Investment Plans - Sen. Marco Rubio, R-Fla., has called for "student investment plans." Private investment firms would cover tuition costs that could be repaid later as a fixed percentage of a graduate's income for a set number of years, regardless of whether that amount covers the total debt. Rubio said that he still owed more than $100,000 in student loans when he became a senator in 2011. His office said he repaid his student loans in December 2012 with proceeds from his autobiography.. (Photo: Alex Wong/Getty Images)

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Student Investment Plans - Sen. Marco Rubio, R-Fla., has called for "student investment plans." Private investment firms would cover tuition costs that could be repaid later as a fixed percentage of a graduate's income for a set number of years, regardless of whether that amount covers the total debt. Rubio said that he still owed more than $100,000 in student loans when he became a senator in 2011. His office said he repaid his student loans in December 2012 with proceeds from his autobiography.. (Photo: Alex Wong/Getty Images)