Powell Prioritizes Student Loan System Review

Why it matters locally: Massachusetts residents, many of whom hold student loan debt, could be directly affected by any reforms to the national student loan system, including potential changes to interest rates or repayment plans.

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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.