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A4   U.S. NEWS
                    Tuesday 19 March 2019
















































            White House proposes caps on student loan borrowing



            By COLLIN BINKLEY                                                                      by  reducing  the  amount  tion  Act.  “I  share  the  ad-
            AP Education Writer                                                                    of  federal  aid  for  students  ministration’s goals to make
            The  Trump  administration                                                             and  taking  billions  out  of  a college education worth
            on Monday proposed new                                                                 the  pockets  of  borrowers,”  it and to make it simpler to
            limits  on  federal  student                                                           she said.                    apply  for  federal  student
            loans taken out by parents                                                             Borrower  advocates  said  aid and pay back student
            and  graduate  students  as                                                            they welcome attention to  loans,” he said.
            part of a broader proposal                                                             the topic but don’t think the  Several items on the White
            to curb the cost of college.                                                           White House plan will help.  House’s  wish  list  were  also
            White  House  officials  in-                                                           Federal  loans  for  students’  included  in  the  Education
            cluded the plan in a list of                                                           parents  and  graduate  stu-  Department’s  budget  pro-
            suggested  changes  to  the                                                            dents total about $25 billion  posal for next year, includ-
            Higher  Education  Act,  a                                                             a year, compared to $151  ing the elimination of pub-
            sweeping  federal  law  that                                                           billion  in  total  federal  stu-  lic service loan forgiveness,
            governs  student  lending.                                                             dent loans.                  a  program  that  can  erase
            The  legislation  is  getting  its     In  this  Sept.  25,  2017  file  photo,  Ivanka  Trump  stands  before   James  Kvaal,  president  of  debt  for  certain  borrowers
            first overhaul from Congress   President Donald Trump signs a memorandum to expand access   the  nonprofit  Institute  for  after 120 months of repay-
            in more than a decade.       to STEM, science technology engineering and math, education,   College   Access   &  ment.
            Ivanka  Trump,  the  daugh-  in the Oval Office of the White House in Washington.      Success,  said  the  plan  Instead,  the  White  House
            ter and adviser of President                                          Associated Press  takes the wrong approach,  says  all  federal  borrowers
            Donald  Trump,  unveiled  and  has  more  than  tripled  able.                         adding  that  there’s  “no  should  get  undergraduate
            the  plan  at  a  meeting  of  since 2003.                Colleges  often  argue  they  evidence”  the  availability  debt wiped clean after 180
            the  National  Council  for  The  White  House’s  pro-    have been forced to raise  of federal loans has led to  months of repayment.
            the  American  Worker,  an  posed  solution  is  to  cap  tuition  to  make  up  for  re-  higher college costs.    Education  Secretary  Betsy
            advisory group that Ivanka  federal    loan   programs  duced  funding  from  their  “The  solution  is  to  invest  DeVos  praised  the  White
            Trump helps lead.            available  to  students’  par-  states.  Many  Democrats  more  in  Pell  scholarships  House  plan  as  “an  impor-
            “We need to modernize our  ents  and  to  graduate  stu-  have echoed that position,  for low-income students, to  tant  roadmap  for  working
            higher-education system to  dents.  The  plan  doesn’t  with some calling for great-   work  with  states  to  make  with  Congress  to  rethink
            make  it  more  affordable,  propose  specific  limits,  but  er  government  support  for  public colleges and univer-  higher education and pass
            flexible   and   outcomes-   officials suggested it could  schools.                    sities more affordable,” said  meaningful  reforms.”  She
            oriented,  so  all  Americans,  vary  based  on  academic  Sen.  Patty  Murray,  the  top  Kvaal, who is also a former  added  that  legislation  to
            young  and  old,  can  learn  program.                    Democrat  on  the  Senate  policy  adviser  to  President  simplify lending “should be
            the  skills  they  need  to  se-  Underpinning  that  idea  is  education   committee,  Barack Obama.               passed immediately.”
            cure and retain good-pay-    a  belief  that  colleges  are  says  the  plan  misses  the  White  House  officials  say  The White House is also ask-
            ing jobs,” Ivanka Trump said  largely  responsible  for  the  “root  cause”  of  the  prob-  they  also  want  to  simplify  ing Congress to make fed-
            on a call with reporters.    nation’s  debt  woes.  The  lem:  “that  college  costs  the  loan  repayment  pro-    eral Pell grants available to
            A primary goal of the pro-   White House says easy ac-    are rising exponentially and  cess,  a  goal  shared  with  be  used  in  short-term  cer-
            posal is to curb the growth  cess to federal aid has led  most  students  can’t  afford  Sen.  Lamar  Alexander,  R-  tificate  programs,  and  to
            of college tuition rates and  colleges to drive up prices,  college  without  taking  on  Tenn.,  who  chairs  the  Sen-  take  other  steps  intended
            reduce  the  nation’s  stu-  adding  that  they  are  “un-  massive amounts of debt.”  ate  education  committee  to  help  workers  gain  skills
            dent debt load, which has  able or unwilling” to make  “In fact, this proposal would  and is leading the push to  outside  of  traditional  col-
            reached  nearly  $1.5  trillion  education  more  afford-  end  up  hurting  students  update  the  Higher  Educa-  leges and universities.q
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