Powell Prioritizes Student Loan System Review

Why it matters locally: New York students and graduates, like those nationwide, will be directly affected by any reforms or changes made to the national student loan system under the new leadership.

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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.