Legislative Proposal to Revise Federal Student Loan System Released  

House Republicans have released the Student Success and Taxpayer Savings Plan which would restructure the Federal student loan system. Changes include new limits on how much a student can borrow, eliminating certain hardship protections, and limiting the number of repayment options. The plan also includes stricter requirements for Pell Grant recipients. Some consumer groups indicated that these changes may make college unaffordable and shift lending to the private sector where consumers have fewer protections. 

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