House Democrats released a new plan Tuesday to reduce the cost of college for students and hold schools more accountable for students’ success, including bringing back Obama-era protections for students at for-profit colleges removed by Education Secretary Betsy DeVos.
The bill, the College Affordability Act, aims to improve affordability by increasing the amount of federal student aid available and seeking to make student loans cheaper, simpler, and easier to pay off. The bill would also provide relief to 44 million Americans with student loans by giving existing borrowers more generous repayment plans, lower interest rates, and an expanded loan forgiveness program.
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