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flag GOP House committee proposes budget bill overhauling student loans, extending repayment up to 30 years.

flag The Republican-led House committee has proposed a budget bill that would overhaul student loan programs, potentially extending repayment terms to 30 years and limiting forgiveness options. flag The bill includes a new repayment plan called the Repayment Assistance Plan (RAP), which would standardize payments based on income levels for future borrowers. flag Existing borrowers would keep their current plans, but the changes could reduce relief options and add to the debt burden for millions. flag The bill aims to save over $330 billion by penalizing colleges with high debt loads.

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