The domestic policy law signed by President Trump alters federal higher education policies with significant implications for student loan access and repayment plans. Changes include adjustments to Pell Grant eligibility and expanded qualified expenses for 529 college savings accounts. The law aims to reduce student debt according to Republican lawmakers but faces criticism that it will increase costs for low- and moderate-income students. With these alterations, higher education policy undergoes its most substantial changes since 1992, as the Higher Education Act remains unactioned since 2008.
The domestic policy law signed by President Donald Trump will have major implications on how students in California and across the country pay for college, with analysts describing it as the most consequential federal higher education legislation in decades.
Republican lawmakers say their suite of higher education policies aims to make college more affordable and reel in student debt while broadening access to career and technical education.
Critics warn the package's financial aid measures will do just the opposite, making higher education more expensive for low- and moderate-income students.
This is the biggest set of changes to higher education policy in America since at least 1992, noted that the Higher Education Act hasn't been reauthorized since 2008.
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