House Republicans on Friday proposed a sweeping overhaul of a federal law that governs almost every aspect of higher education, a plan that would eliminate some popular student aid programs and impose restrictions on others...
House Republicans are also envisioning the end of loan forgiveness for college graduates who pursue careers in the public sector. The plan, much like the White House budget, would do away with Public Service Loan Forgiveness, a program that wipes away federal student debt for people in the public sector after they have made 10 years’ worth of payments. The program, enacted in 2007 under President George W. Bush, was designed to encourage college graduates to pursue careers as social workers, teachers, public defenders or doctors in rural areas...
The legislation would also end the Federal Supplemental Educational Opportunity Grant, a $732 million program that provided aid to 1.6 million students in the 2014-15 academic year. It would also wind down the Teacher Education Assistance for College and Higher Education Grant, a federal program that provides money to students willing to work in high-needs schools or teach subjects in desperate need of educators for four years.
