Powell Prioritizes Student Loan System Review

Why it matters locally: Students and graduates in Iowa holding federal student loans could be directly affected by any changes to the national student loan system and its associated interest rates, as the new head prioritizes a review.

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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.