Birdwatch Archive

Birdwatch Note

2025-07-06 02:43:34 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

OBBB caps only the Grad PLUS loan program, not private student loans. This change could “force students to rely on private loans with less favorable terms” leading to higher costs & interest rates PLUS loan interest is fixed at 8.94% & private rates can go up to 16.24% https://www.the-independent.com/news/world/americas/us-politics/big-beautiful-bill-grad-student-loans-b2782291.html https://www.salliemae.com/blog/what-is-a-graduate-plus-loan/ https://educationdata.org/average-student-loan-interest-rate

Written by DA3857D9FCE32422042F98124C9DE15A4A5D242D019437CB1B66EF06AEA783F4
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• noteAuthorParticipantId - DA3857D9FCE32422042F98124C9DE15A4A5D242D019437CB1B66EF06AEA783F4
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• tweetId - 1941608523105960384
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• OBBB caps only the Grad PLUS loan program, not private student loans. This change could “force students to rely on private loans with less favorable terms” leading to higher costs & interest rates PLUS loan interest is fixed at 8.94% & private rates can go up to 16.24% https://www.the-independent.com/news/world/americas/us-politics/big-beautiful-bill-grad-student-loans-b2782291.html https://www.salliemae.com/blog/what-is-a-graduate-plus-loan/ https://educationdata.org/average-student-loan-interest-rate