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.
Support NPR and hear every episode of
Trump's Terms sponsor-free with NPR+. Sign up at
plus.npr.org.
Learn more about sponsor message choices:
podcastchoices.com/adchoicesNPR Privacy Policy
