The Trump administration’s proposal to repeal Obama-era requirements for recipients of federal student aid comes with a price tag of about $5.3 billion over a decade, a figure that is already giving critics ammunition as the Senate prepares to turn to Education Department appropriations this week.
The administration’s proposed rulemaking would rescind 2014 regulations requiring colleges and universities to ensure graduates have low debt-to-income ratios or risk losing access to loans and grants that help students afford to attend their programs. The proposal will be open for a 30-day comment period once it’s published in the Federal Register on Tuesday before the department can turn to drafting a final rule.
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