HE bill could hit student loan borrowers hard

College students would lose US$15 billion in federal student aid over the next decade if House Republicans succeed in turning their higher education bill into law, according to a report released last Tuesday by the non-partisan Congressional Budget Office, writes Danielle Douglas-Gabriel for The Washington Post.

The Promoting Real Opportunity, Success and Prosperity through Education Reform Act, sponsored by Representatives Virginia Foxx (R-NC) and Brett Guthrie (R-Ky), aims to overhaul the federal law governing almost every aspect of higher education. The 590-page bill cleared the House Committee on Education and the Workforce in December, without hearings and despite calls from the higher education community for more input and time to analyse the legislation.

Democrats on the committee, who were cut out of drafting the bill, have slammed the legislation for slashing some student aid programmes, while funnelling more federal dollars to controversial for-profit colleges.
Full report on The Washington Post site