Powell Prioritizes Student Loan System Review

Why it matters locally: Changes to the national student loan system and interest rates could directly affect the numerous Delaware residents currently holding student loans, potentially altering their repayment obligations.

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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.