One particular goal is helping students save money on student loan repayments by refinancing existing loans. (thecollegeinvestor.com)
Another is to set up a public - private partnership between the federal government and banks that would refinance existing loans at more affordable rates and even forgive some of the outstanding principal. (thinkprogress.org)
These are offered either on a fresh loan basis or for refinancing existing loans with other banks. (sbichicago.com)