Warren’s proposed bill seems to encapsulate the free-market principles underlying the recent student loan compromise. After all, if the rates at which students can borrow float freely, just like interest rates for anything, else it seems logical that students should be able to refinance freely as well. But the problem is that this costs money and raising revenue is not exactly in fashion in Washington right now. In the mean time, the federal government is projected to make $185 billion in profits over the next ten years from student loans.