By Jillian Berman, MarketWatch
The bill proposes limiting the federal government’s role in regulating colleges, capping graduate student borrowing, making it easier for schools to limit undergraduate borrowing and overhauling the student loan repayment system. Much of the proposal that House Republicans released last week is controversial and likely won’t make it into the final law, but the plan provides an indication of Congressional Republicans’ priorities for the nation’s higher education system. Those priorities include limiting the federal government’s role in regulating colleges, capping graduate student borrowing, making it easier for schools to limit undergraduate borrowing — and overhauling the student loan repayment system. Many of those moves have the potential to create a larger role for private industry.
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