Powell Prioritizes Student Loan System Review

Why it matters locally: While the impact of student loan policies is national, potential changes to interest rates and repayment plans could affect a significant portion of Florida's 22,610,726 residents who hold student debt.

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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.