What's In Senate Republicans' Student Loan Reform Package
The legislation caps federal graduate lending, streamlines the repayment system, and imposes new accountability rules on colleges.
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The legislation caps federal graduate lending, streamlines the repayment system, and imposes new accountability rules on colleges.
Senate Republicans are unveiling their own plan to tackle student debt as the Supreme Court is set to rule soon on President Biden’s student debt relief program. The GOP package, called the “Lowering Education Costs and Debt Act,” consists of five bills that the senators say will address the root causes of the student debt…
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The plan was put out by Cassidy and Sens. Chuck Grassley of Iowa, John Cornyn of Texas, Tommy Tuberville of Alabama, and Tim Scott of South Carolina.
Several Republican Senators introduced an education package of five bills on Wednesday aimed at targeting large amounts of student loan debt.