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House Republicans Unveil $330 Billion Student Loan Overhaul

5/5/2025

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Summary

Story summary

House Republicans have introduced a bold plan to revamp the federal student loan system, aiming to slash more than $330 billion in federal spending. This overhaul proposes a new "Repayment Assistance Plan," eliminates Grad PLUS loans, and tightens restrictions on Parent PLUS loans. However, Democrats are pushing back, warning that these changes could burden students with higher costs.

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Story summary

House Republicans have introduced a bold plan to revamp the federal student loan system, aiming to slash more than $330 billion in federal spending. This overhaul proposes a new "Repayment Assistance Plan," eliminates Grad PLUS loans, and tightens restrictions on Parent PLUS loans. However, Democrats are pushing back, warning that these changes could burden students with higher costs.