The House GOP considers budgetary cuts totaling nearly $13 trillion, which could severely affect higher education funding, including student loan forgiveness and increased endowment taxes. Experts warn that these proposals, part of a legislative reconciliation process, threaten the affordability of college and reverse progress made in reducing costs for students. The cuts could impose significant financial burdens on colleges, universities, and ultimately the students they serve. Advocates emphasize the detrimental effects these measures could have on educational institutions' ability to operate effectively and support students' needs.
The House GOP is proposing substantial budget cuts that may adversely affect higher education, potentially repealing student loan forgiveness and intruding on university endowments.
According to a list from the Association of Public and Land-grant Universities, $2.1 trillion of potential savings could drastically impact higher education over the next decade.
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