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White House proposes caps on student loan borrowing
[NYP] The Trump administration on Monday proposed new limits on federal student loans taken out by parents and graduate students as part of a broader proposal to curb the cost of college.White House officials included the plan in a list of suggested changes to the Higher Education Act, a sweeping federal law that governs student lending. The legislation is getting its first overhaul from Congress in more than a decade. Ivanka Trump, the daughter and adviser of President Donald Trump, unveiled the plan at a meeting of the National Council for the American Worker, an advisory group that Ivanka Trump helps lead. "We need to modernize our higher-education system to make it more affordable, flexible and outcomes-oriented, so all Americans, young and old, can learn the skills they need to secure and retain good-paying jobs," Ivanka Trump said on a call with reporters. Posted by: Besoeker 2019-03-19 |
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