House Republicans unveiled a sweeping bill to overhaul college financial aid, slashing student loan benefits and tightening Pell Grant eligibility, according to legislation introduced April 28.
The 100-page proposal would raise course-load requirements for Pell Grants, cut key loan options, and replace President Biden’s SAVE plan with a stricter repayment system. It also relaxes oversight of for-profit schools while penalizing colleges that burden students with unaffordable debt.
Critics warn the plan could block low-income students from attending or completing college. Even if it passes the House, experts say it may falter under Senate budget rules or due to deep staffing cuts at the Education Department.
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