Reduce the interest rate of all existing student loans to the 3% rate that new borrowers enjoy.
Why is this important?
Many aspiring students from the last decades were saddled with heavy student loan debt loads with high interest rates. Some continue to try to pay off loans incurred as early as the Reagan years when interest rates on some loans were as high as the double-digits and continue to pay interest on capitalized interest on those early loans.They are still trying to pay off their debt, even as they approach or enter into retirement. They deserve the same 3% rate that current new borrowers receive.
