Student Loan Caps Proposed in White House Higher Education Plan

Mar 21, 2019 by

The White House is urging Congress to set new limits on student loan borrowing by graduate students and parents, as part of a larger package spelling out the Trump administration’s priorities for higher education legislation.

The administration will present its priorities Monday afternoon as part of the agenda for the National Council for the American Worker, an advisory group tasked with ensuring future students and workers are prepared for the changes technology will bring to the workforce.

The priorities mark the first higher education policy outlines from the Trump Administration. They come as lawmakers on Capitol Hill are working to give the higher education law (Public Law 110-315) its first comprehensive update since 2008.

“The rising cost of college education and the accompanying growth in student loan balances erodes the wage premium associated with a college degree,” the administration said in a copy of the higher education proposal obtained by Bloomberg Government. “It is therefore the policy of the Trump Administration to increase access to affordable, flexible, and innovative post-secondary education and skills attainment to meet the interests and lifelong learning needs of every American.”

“We need to modernize our higher education system to make it more affordable, flexible, and outcomes oriented so all Americans, young and old, can learn the skills they need to secure and retain good paying jobs,” said Ivanka Trump, advisor to the president, in a statement.

In addition to the higher education proposal, the White House is working on an executive order addressing several higher education topics, including free speech rights, on college campuses.

“We are taking action to provide students, families, and working Americans better and clearer information; encourage innovation and reduce college cost; ensure that students of faith are able to attend schools that reflect their values; and require that institutions live up to their promises regarding campus free speech,” the administration said in the proposal.

Source: Student Loan Caps Proposed in White House Higher Education Plan | BGOV

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