Feenstra Introduces Legislation to Lower Interest Rates on Student Loans

WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) introduced legislation to lower interest rates on student loans by allowing states like Iowa to utilize more private activity bonds to offer student loans.

“As a father of four, ensuring that our kids have the resources that they need to pursue higher education and achieve future career goals is important to me. That includes lowering the cost of student loans and reducing financial barriers for Iowans who want to attend college but are prevented by the price tag,” said Rep. Feenstra. “That’s why I introduced legislation to enable more low-interest-rate student loans to be issued by exempting Qualified Student Loan Bonds – which states like Iowa already utilize to help many students attend college – from the cap for Private Activity Bonds. This investment in the next generation of leaders, innovators, and entrepreneurs will support our economy, lower interest rates on student loans, and give Iowa kids a more viable financial option when considering the full cost of college.”

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