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Senate Passes Controversial Student Loan Reform Bill

7/3/2025

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Summary

Story summary

Senate Republicans have approved a pivotal student loan reform bill that will reshape the landscape for borrowers. The legislation phases out favored repayment plans, caps graduate loans, and modifies forgiveness timelines. Critics fear these changes could lead to higher costs and increased defaults. Now, the bill moves to the House, where its future hangs in the balance.

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Story summary

Senate Republicans have approved a pivotal student loan reform bill that will reshape the landscape for borrowers. The legislation phases out favored repayment plans, caps graduate loans, and modifies forgiveness timelines. Critics fear these changes could lead to higher costs and increased defaults. Now, the bill moves to the House, where its future hangs in the balance.