#enrollment-and-budget

#enrollment-and-budget

The One Big Beautiful Bill Act includes the largest overhaul to the federal student aid system in decades, limiting loan repayment and debt forgiveness options for borrowers.

As the Federal student aid portfolio soars to nearly $1.7 trillion and with nearly a quarter of student loan borrowers in default, Americans know that the Department of Education has failed to effectively manage and deliver these critical programs. By leveraging Treasury's world-renowned expertise in finance and economic policy, we are confident that American students, borrowers, and taxpayers will finally have functioning programs after decades of mismanagement.

These new restrictions-which can be found throughout the appropriations bill for the Department of Education and other sections of the 11-part funding package that was signed into law last week-are part of what policy experts describe as a bipartisan attempt to rebuke the Trump administration's budget proposal and restore Congress's power of the purse. Historically, the language of these budget bills has largely stayed the same, serving as little more than a template into which lawmakers plug that year's dollar amounts and policy riders.

Under the SAVE plan, a borrower's monthly payment would be calculated based on income and family size and could be set as low as $0 per month for the lowest-earning borrowers.

"softening,"

The 13-member panel, comprised largely of state officials, think tank researchers and higher ed lawyers, spent the last four days negotiating the rules of a new college earnings test called Do No Harm-which applies to all degree programs-as well as changes to the existing gainful-employment rule, an accountability metric that only applies to certificate programs and for-profits. The department's proposal, which aligns the two accountability

This idea was based on the parallel between the pluck and elan that are characteristic of both the early-college students I worked with and that of America's hardest-working founding father. Five years after I wrote the book, I had the opportunity to revisit the field for a revised edition, making it appropriate to ask, after Thomas Jefferson's song in the second act of Hamilton, "What'd I Miss": How has early college/dual enrollment changed over the past half decade?

It can be scary to borrow large student loans to finance an expensive college degree. There is a market failure, however, every time a student does not attend their preferred college, study their preferred major, or pursue their preferred career because they are afraid of student loans. Students should be free to pursue their passions - not forced into second-best choices because of the cost of the degree or the prospect of a lower income in the future.

"Here's the reality: When you come to the table prepared with smart and dedicated people that are focused on a clear goal, you can move quickly and intentionally without sacrificing the thoroughness and the careful deliberation that this process deserves,"