Feds plan for student loan interest rates could cost taxpayers
Education Department,Student Loans,Student Loan Debt,Student Loan Forgiveness
From the Right
AllSides Media Bias Rating: Lean Right
The U.S. Department of Education is reducing student loan interest rates for borrowers, but critics argue the move could cost taxpayers billions of dollars.
The Education Department announced this week that federal student loan borrowers enrolled in automatic payments will be eligible for a 1% interest rate reduction beginning July 1.
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