CBO: Higher Ed Bill Hits Student BorrowersFebruary 9, 2018 |
by Danielle Douglas-Gabriel
College students would lose $15 billion in federal student aid over the next decade if House Republicans succeed in turning their higher education bill into law, according to a report released Tuesday by the nonpartisan Congressional Budget Office.
The Promoting Real Opportunity, Success and Prosperity through Education Reform Act, sponsored by Reps. Virginia Foxx (R-N.C.) and Brett Guthrie (R-Ky.), aims to overhaul the federal law governing almost every aspect of higher education. The 590-page bill cleared the House Committee on Education and the Workforce in December, without hearings and despite calls from the higher education community for more input and time to analyze the legislation.