I’ve never seen such blatant disregard for education in my life. If passed this will hurt a lot of folks and increase the wealth gap that we already have. I’m thankful I’m on my last child in college.
“part of its plan to rein in student loans, graduate students and parents of undergraduates would face so far unspecified caps on how much they could borrow for tuition and living expenses—instead of borrowing whatever schools charge.
The change could cut into enrollment and potentially siphon off billions of dollars a year from universities.
The bill would also end loan-forgiveness programs for public-service employees, who currently can make 10 years of payments and then have their remaining debt forgiven, tax-free. It would also eliminate a program that ties monthly payments to income levels for private-sector workers. Current participants in both programs would be grandfathered in.”