Powell Prioritizes Student Loan System Review

Why it matters locally: With over 1.8 million Pennsylvanians holding student loan debt, any federal review of the student loan system, including interest rates, could directly affect a significant portion of the state's population.

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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.