Powell Prioritizes Student Loan System Review

Why it matters locally: Changes to the federal student loan system could directly impact the financial burden on approximately 270,000 Arkansans currently holding student loan debt, affecting their disposable income and potentially the state's economy.

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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.