Powell Prioritizes Student Loan System Review

Why it matters locally: Potential changes to the national student loan system could directly affect over one million North Carolinians currently carrying student loan debt, influencing their financial stability and spending power within the state.

The newly appointed head of the national student loan body has designated the student loan system as an immediate focus. She assumed her role this week, indicating that reviewing the system is among her first tasks. She has previously made public statements regarding the interest rates associated with Plan 2 loans. In past comments, she characterized these interest rates.