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Republicans Propose $330 Billion Overhaul of Student Loans

5/2/2025

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Summary

Story summary

Republican lawmakers have unveiled a bold plan to revamp the federal student loan system, targeting a staggering $330 billion in savings. The proposal caps undergraduate loans at $50,000, removes income-driven repayment options, and tightens Pell Grant eligibility. This ambitious overhaul could hold colleges accountable for student debt but may also restrict educational access for low-income families.

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Story summary

Republican lawmakers have unveiled a bold plan to revamp the federal student loan system, targeting a staggering $330 billion in savings. The proposal caps undergraduate loans at $50,000, removes income-driven repayment options, and tightens Pell Grant eligibility. This ambitious overhaul could hold colleges accountable for student debt but may also restrict educational access for low-income families.