Cut interest rates on new student loans.

The plan says she would lower rates for new student loans so the federal government does not profit from student debt.

Hassan committed to reducing interest rates for new federal student loans.

Innovate NH 2.0: A Granite State Roadmap for Fostering Innovation, Supporting Job-Creating Businesses and Expanding Opportunity
campaign · campaign_site · model gpt-5.5

Within the lookback window, WSJ reported that federal student loan rates for July 1, 2026-June 30, 2027 remain set by the congressional formula, and that H.R. 1/OBBBA did not change the federal student-loan-rate formula.

Latest lookback evidence points against delivery: the current 2026 student-loan overhaul did not cut rates on new federal student loans or alter the rate formula.

never later_term

Student Loan Rates in July 2026: What Borrowers Need to Know
secondary · model gpt-5.5 · confidence 90%

Public Law 119-21's education title covers loan limits, repayment, deferment, forbearance, loan rehabilitation, public service loan forgiveness, servicing, Pell Grants, accountability, and regulatory relief; its listed education provisions do not create a cut in new-loan interest rates.

The major enacted federal student-loan law in Hassan's later Senate term changed borrowing limits and repayment, not interest rates for new loans.

never later_term

Public Law 119-21, H.R. 1, 119th Congress
secondary · model gpt-5.5 · confidence 88%

The law sets July 1, 2026 changes including graduate/professional and Parent PLUS loan caps, a $257,500 lifetime student borrowing cap, and new repayment-plan rules, but the cited operative provisions do not lower the statutory interest rates for new loans.

The July 1, 2026 implementation window produced loan-cap and repayment changes, not fulfillment of the promised interest-rate cut.

never later_term

Public Law 119-21, H.R. 1, 119th Congress
secondary · model gpt-5.5 · confidence 87%

The Senate roll call on final passage of H.R. 1 shows the question was passage of the bill on July 1, 2025, and lists Hassan (D-NH) as voting Nay.

Hassan opposed the 2025 student-loan overhaul; that vote does not show enactment of her promised new-loan interest-rate cut.

never later_term

U.S. Senate Roll Call Vote 119th Congress - 1st Session, Vote 372
secondary · model gpt-5.5 · confidence 86%

The U.S. Code sets post-July 1, 2013 Direct Loan rates by formula: undergraduate loans use the 10-year Treasury high yield plus 2.05 percentage points, graduate/professional unsubsidized loans plus 3.6 points, and PLUS loans plus 4.6 points, subject to caps.

The governing statutory formula for new federal student-loan rates remained the baseline mechanism rather than a Hassan-delivered rate cut.

never unknown

20 USC 1087e: Terms and conditions of loans
secondary · model gpt-5.5 · confidence 89%

Barron's reported during the lookback window that, as of July 1, 2026, federal direct loan rates were 6.52% for undergraduates, 8.07% for graduate/professional direct unsubsidized loans, and 9.07% for Direct PLUS loans, alongside new loan limits and repayment changes.

Current lookback reporting shows rates continuing under the annual-rate system, with no new-loan interest-rate cut delivered as of July 2026.

never later_term

Federal Student Loan Programs Are Changing. Here's How.
secondary · model gpt-5.5 · confidence 84%