Source: International Business Times
The committee’s draft bill would repeal the SAVE income-driven repayment plan, which eased the path to loan forgiveness. Reuters House Republicans on the Education and Workforce Committee have introduced sweeping legislation to revamp the federal student loan and financial aid system, representing a major shift in how students finance higher education. The GOP proposal, dubbed the Student Success and Taxpayer Savings Plan, called for new borrowing caps and a streamlined repayment system, in addition to supporting broader Republican efforts to fund tax cuts first implemented under President Donald Trump.
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