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Republicans Propose $350 Billion Cuts to Student Aid

5/26/2025

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Summary

Story summary

Congressional Republicans aim to save $350 billion over ten years through proposed changes to student loan repayment and federal aid cuts.
The bill eliminates subsidized loans and limits federal aid based on median college costs, raising affordability concerns.
Restarting collections on defaulted loans could result in wage garnishment for struggling borrowers.
Critics warn these changes may increase student costs and reduce educational access, leading to greater reliance on private loans.

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Story summary

Congressional Republicans aim to save $350 billion over ten years through proposed changes to student loan repayment and federal aid cuts.
The bill eliminates subsidized loans and limits federal aid based on median college costs, raising affordability concerns.
Restarting collections on defaulted loans could result in wage garnishment for struggling borrowers.
Critics warn these changes may increase student costs and reduce educational access, leading to greater reliance on private loans.