Student Loan Interest Elimination Act Gets Second Push as Defaults Hit $233 Billion

Sen. Peter Welch (D-Vt.) and Rep. Joe Courtney (D-Conn.) held a press conference on Capitol Hill last week urging Congress to take up the Student Loan Interest Elimination Act (PDF File), which would set the rate on every existing and future federal student loan to 0%. The press conference marks the lawmakers' second attempt in 2026 to move the bill. Welch introduced S. 4169 in the Senate and…