A proposal from House Republicans aims to change how college costs are calculated and limits on federal financial aid eligibility. This involves creating a national college cost estimate by degree, capping federal loans, and restricting Pell Grant access for part-time students. Experts, including Jennifer Zhang from the Student Borrower Protection Center, warn that these changes could further complicate an already confusing financial aid system under the pretense of reducing college costs. The bill faces strong opposition from educational organizations and must progress through Congress amidst broader fiscal measures.
"How are you going to save up for college if you don't know how much college is going to cost, or how much federal loans you're going to be able to take out next year?"
"Under the guise of trying to drive down the cost of college, this bill is actually doing the opposite."
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