Virginia Tackles Student Debt Head-On | Charlottesville News

Virginia’s governor is rolling out a bold new plan to ease the crushing weight of student loan debt, launching the Virginia Education Loan Authority to refinance federal and private loans, slash monthly payments, and save borrowers thousands. But it’s not stopping there — the state’s also tackling root causes by partnering with colleges to lower tuition and pushing for more Pell Grants. Borrowers are cheering the relief, as this initiative tackles a crisis that’s burdened a whole generation. Details like eligibility and rates are still being ironed out, but the program could launch in six months — and may inspire other states to follow suit. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/27c3a894187ea6fa