President Donald Trump said on Saturday that he might support a bill capping federal student loan interest at 2.5 percent. Interest rates for newer federal student loans range from 6.52 percent to 9.07 percent, depending on the loan type.
“President Trump said he will support capping federal student loan interest rates at 2.5%! This has been an issue that I’ve long championed in Congress,” said Rep. Anna Paulina Luna (R-Fla.) in an X post on Saturday.
“Every American that decides to pursue higher education, especially in STEM, becomes an asset to our nation and gives us an edge on China.”
Luna posted a video of Trump saying “he might” support an interest rate cap. …