Student Loan interest on all existing and future student loans should be the same interest rate as banks receive. How can the federal government make 51 billion on the backs of college students and their families while banks get nearly interest free money?
Make student loan payments pre-tax or tax free!
After adjusting the current and future interest rates, do a 1 time refund of interest paid applied to the principal of loans - put that 51 billion back into the pockets of students and out of the pockets of government beaurocrats who can't agree on what to order for lunch.