New York Republican proposes to slash student loan interest rates

Contributing sentiments towards policy:

63% : Lawler's bill, called the Affordable Loans for Students Act, would retroactively apply a one percent interest rate adjustment to outstanding student loans.
62% : "The Affordable Loans for Students Act is endorsed by the American Council on Education (ACE), the National Association of Student Financial Aid Administrators (NASFAA) and the American Association of Colleges and Universities (AAC&U), according to Lawler's office.
57% : And I think we have seen over time the affordability crisis has exploded when it comes to higher education.
47% : "Americans owe an estimated $1.74 trillion in federal student loan debt.
43% : "Asked if he was concerned that the availability of cheap federal loans would incentivize more borrowers to go into debt and have an inflationary impact on college tuition, Lawler said his proposal is just one of many needed reforms to higher education and the workforce.

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