Congress is considering changes to the Parent PLUS loan program, a crucial federal student loan option for low- to middle-income families. Current proposals from both House and Senate Republicans suggest capping how much parents can borrow, with House limiting it to $50,000 and Senate allowing $65,000 per dependent. Critics argue that such caps could worsen existing financial burdens, pushing families to either forgo college or rely on potentially riskier private loans. Additionally, Black and Latino families, who disproportionately use these loans, may face worse outcomes under these new limits.
A long-standing federal student loan program that has opened the door to higher education for millions of low- and middle-income families is at risk as Congress considers sweeping changes.
Capping the loans will only exacerbate the situation, potentially leading students and families to forgo college or turn to more expensive private loans.
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