Subsidized loans are the next to go. Actually, I am surprised they weren’t eliminated in this bill. The Department of Education has been ready to get rid of them for years. Eliminating sub loans for grad students was the first step. I feel like getting rid of the 150% cap on sub loans in this bill is the regulatory relief provided short term, with eliminating sub loans as a long term goal. But that’s just my opinion, and it’s not on the immediate horizon.
Someone posted about it, which reminded me that I never looked into it like I had intended. That’s why I chimed in. Here is a good article: Pandemic Relief Package Simplifies FAFSA. I will highlight some additional important changes in a separate post below.