The House GOP's budget proposal, particularly its risk-sharing component, has raised serious concerns from higher education leaders. Ted Mitchell, head of the American Council on Education, argues the plan would limit access for low-income students and destabilize financial resources for colleges. The legislation suggests significant cuts to federal support, potentially undermining America’s global research standing. The risk-sharing model would force institutions to pay based on former students’ loan defaults, affecting most colleges and complicating financial planning amid changing annual requirements.
"Ninety percent of institutions would end up on the hook for paying money... but also, year by year the bill is different, and so once again it creates an instability and an insecurity that's very, very hard to plan on."
"We think that it penalizes institutions that do the hard work of admitting people who aren't born on third base and just have to walk home... but [students who] are born in the dugout and they need a chance to play."
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