New bill could reshape student loan debt: Can interest rates be cut to 2%

New bill could reshape student loan debt: Can interest rates be cut to 2%

In a bold move to address the growing student loan crisis in the United States, a new bill introduced in Congress proposes a dramatic reduction in federal student loan interest rates, potentially bringing them down to as low as 2%. If passed, this legislation could provide significant relief to millions of borrowers who have struggled with high interest rates for years, exacerbating the total debt burden of their loans. A Potential Game-Changer …