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Republicans plan to overhaul the federal student loan system. Here's what to know
Published 10 months, 2 weeks ago
Description
Republicans on the House education committee publicly unveiled their plan Tuesday to remake the federal student loan system while also cutting more than $330 billion in federal spending to help offset the cost of extending President Trump's tax cuts.
The Republican proposal includes eliminating previous income-contingent loan repayment options and replacing them with one "Repayment Assistance Plan." It also ends the Grad PLUS loan program, sets strict limits on Parent PLUS loans and envisions a new system whereby colleges and universities are forced to reimburse the federal government for a share of the debt when their students fail to repay their loans. NPR's Steve Inskeep talks with Cory Turner.
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The Republican proposal includes eliminating previous income-contingent loan repayment options and replacing them with one "Repayment Assistance Plan." It also ends the Grad PLUS loan program, sets strict limits on Parent PLUS loans and envisions a new system whereby colleges and universities are forced to reimburse the federal government for a share of the debt when their students fail to repay their loans. NPR's Steve Inskeep talks with Cory Turner.
Support NPR and hear every episode of Trump's Terms sponsor-free with NPR+. Sign up at plus.npr.org.
To manage podcast ad preferences, review the links below:
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy