economy
The Trump administration says it is cutting student loan interest. Not everyone qualifies.
The Education Department on Thursday said it is temporarily cutting interest rates for some federal student loan borrowers, a move aimed at easing repayment costs as delinquencies climb to their highest level in six years.
TL;DR
- Federal student loan interest rates are being temporarily cut.
- The move aims to ease repayment costs for borrowers.
- This comes as student loan delinquencies are at their highest in six years.