"With President-elect Trump set to return to the White House in January, the sun appears to be setting on the Biden administration's student loan handout spree. But one moderate New York Republican still thinks Congress should act to ease the debt burden carried by borrowers. Rep. Mike Lawler, R-N.Y., introduced legislation this week that would slash the interest rate on federal student loans from 3.5% to just one percent," Fox Business reports.
... "The Affordable Loans for Students Act is endorsed by the American Council on Education, the National Association of Student Financial Aid Administrators and the American Association of Colleges and Universities, according to Lawler's office."
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 11/22/2024