Birdwatch Note Rating
2025-07-07 11:25:43 UTC - HELPFUL
Rated by Participant: DA82A0EC8F8332EE9BC2A3996AF36203A60D489DB7DC9C6561D035855BE5C3CE
Participant Details
Original Note:
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
All Note Details