Which Statement Best Describes the Function of the Bipartisan Student

Multiple Choice

Which statement best describes the function of the Bipartisan Student Loan Certainty Act?

A) It bases the interest rate on federal student loans on the average starting salaries related to each student's college major.
B) It uses credit card interest rates as the basis for setting the interest rate on federal student loans.
C) It bases the interest rate on federal student loans according to market rate fluctuations.
D) It allows students to apply for a lower interest rate if they can prove financial need.
E) It allows students to waive the interest rate if they graduate with honors.