GOP Education Bill Would Make College Even Less Affordable For Many, Experts Say

WASHINGTON — A bill proposed by Republicans in the House of Representatives could change the college-financing system dramatically, moving billions of dollars out of financial aid programs.

If H.R. 4508, becomes law, college affordability would go from bad to worse, say many higher education experts, and students from low-income backgrounds would suffer most.

According to an analysis by the nonpartisan Congressional Budget Office, the net loss of funds to students over the next 10 years would be almost $15 billion if the bill is enacted as written. Other analysts say that figure would be even higher.

The bill, known as the Promoting Real Opportunity, Success, and Prosperity through Education Reform (PROSPER) Act, would also make more money and regulatory flexibility available to for-profit colleges, many of which have been cited for high costs, low graduation rates and a history of taking advantage of low-income students and military veterans.


Source : huffingtonpost