Reported 4 months ago
Republicans are introducing significant changes to the federal student loan system through a new legislation aimed at simplifying the complex structure while planning to save approximately $351 billion. Proposed changes include lower loan limits, fewer repayment options, and new eligibility criteria for Pell Grants, which could limit access for certain students. Critics express concerns that these reforms may create further confusion and reduce financial aid accessibility for lower-income borrowers.
Source: YAHOO