finance
Florida lawmakers plan vote to cut federal student loan interest rate to 2%
Republican Rep. Anna Paulina Luna and Democratic Rep. Jared Moskowitz said they will seek a floor vote on legislation that would lower the interest rate on federal student loans to 2%. The two Florida members appeared on CNN to outline the bipartisan effort.
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The bill targets the interest charged on existing federal student loans.
Background on the proposal Current federal student loan rates vary by loan type and disbursement date. The proposed change would set a uniform 2% rate for qualifying loans.
Next steps The members said they are working to gather the necessary support to force consideration of the measure. No timeline for a vote was provided.
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