Powell Prioritizes Student Loan System Review

Why it matters locally: The review of the national student loan system could significantly impact California's substantial population of college students and graduates, many of whom carry federal student loan debt.

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.