The article discusses the impact of Congress's reconciliation process on student debt and education funding. Senator Elizabeth Warren criticizes current policies that exacerbate college costs for families, citing an average increase of $400 monthly. Significant cuts are proposed, including a $350 billion reduction in the Department of Education's budget, jeopardizing essential repayment programs like Income Contingent Repayment and Public Student Loan Forgiveness. These measures threaten to raise student loan payments, thereby affecting millions of Americans financially, particularly those already struggling with education costs.
"So here we are at a time in which the cost of college is already too high for millions of students," said Senator Elizabeth Warren. "Donald Trump and his Republican buddies in Congress are not lowering them. They are adding $400 a month on average to the family's costs."
Through budget cuts, Congress plans to gut $350 billion from the Department of Education, thereby eliminating plans like Income Contingent Repayment and Pay As You Earn.
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