House Republicans’ education plan would mean sweeping changes — and fewer avenues for relief — for millions of student-loan borrowers.
Rep. Tim Walberg, chair of the House education committee, unveiled on Monday the committee’s legislation to reshape education and the student financial aid system. The 100-page budget bill would have big implications for student-loan borrowers — if passed, the bill would scrap existing affordable repayment plans and penalize colleges that load students up with unaffordable debt.
The committee said in a press release that the bill is intended to save over $330 billion by “strengthening accountability for students and taxpayers, streamlining student loan options, and…
