House Republican Plan Would Spike Student Loan Payments and Sentence Many to a Lifetime of Debt
January 30, 2025
In January 2024, House Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) introduced the College Cost Reduction Act (H.R.6951). In light of reports that the proposal is being considered for inclusion in a reconciliation package, we conducted further analyses to show how the plan would cause financial harm for millions of low- and moderate-income borrowers....
