Senate Republicans proposed a drastic overhaul of higher education policy, introducing a plan to eliminate inflationary loans, cut federal aid for ineffective degrees, and expand the Pell Grant program to workforce training. The bill, a response to the House's One Big Beautiful Bill Act, reflects similar changes in federal student loan policy while including provisions to hold colleges accountable based on graduates' earnings. Estimated savings from the Senate's legislation stand at $300 billion over the next decade, differing from the House's $350 billion target, indicating a significant shift in federal educational funding and accountability measures.
"American higher education has lost its purpose. Students are graduating with degrees that won't get them a job and insurmountable debt that they can't pay back."
"We need to fix our broken higher education system, so it prioritizes student success and ensures Americans have the skills to compete in a 21st century economy."
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