Overview

• The House Education and Workforce Committee passed the GOP's Student Success and Taxpayer Savings Plan, aiming to save $330 billion and support Trump-era tax cuts.
• The proposal consolidates federal student loan repayment options to two plans, eliminating Biden’s SAVE plan and extending repayment terms to up to 30 years.
• Undergraduate and graduate borrowing would be capped at $50,000 and $100,000 respectively, with Parent PLUS loans also limited for the first time.
• Pell Grant eligibility would require students to take at least 30 credit hours annually, restricting access for part-time students but expanding grants to short-term workforce programs.
• Colleges would face financial accountability for unpaid student loans, with funds redistributed to higher-performing institutions under new risk-sharing provisions.