NPR - Republicans on the House education committee announced a plan on Tuesday to restructure the federal student loan system. This proposal aims to eliminate Grad PLUS loans, impose strict limits on Parent PLUS loans, and create a system where colleges must reimburse the federal government for a portion of the debt if students fail to repay their loans. The plan is expected to cut over $330 billion in federal spending, which would help offset the costs of extending President Trump’s tax cuts. This proposal is part of a reconciliation package that could pass through Congress. Here are some of the key changes Republicans have outlined:
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