White House proposes caps on federal student loan borrowing
Share Now on:
As college tuition and student debt continue to rise, the White House is proposing reforms to student loan policy. These reforms include new caps on the amount graduate students and parents can borrow from the federal government. The goal of the reforms is to hold down tuition increases, protect borrowers from unmanageable debt, reduce federal higher-education spending and mitigate the government’s risk from federal student loan defaults. But some experts are skeptical as to whether the proposals — if adopted by Congress — would be effective in holding down higher-education costs, or protecting borrowers from taking on unmanageable debt.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.