Republicans propose student loan reform and debt relief plan

Senate Republicans want to address the root causes of rising student debt and make college more affordable.
The plan aims to simplify student loan repayment, increase transparency in financial aid offers and limit graduate borrowing.
The bills would cut federal funding to college programs where students struggle to find well-paying jobs after graduating.
The plan contrasts with President Biden's student loan forgiveness approach, which Republicans argue does not tackle the underlying issues.
If passed, the Republican plan could significantly change how students pay for and choose colleges.