limits on student borrowing as part of a
broader plan to curb the cost of college.
White House officials announced the plan
Monday amid a list of education priorities as
Congress sets out to overhaul the Higher
Education Act.
The plan says Congress should put a cap on
federal student loans to prevent borrowers
from taking on unmanageable debt. Officials
didn't propose specific limits but said it could
vary by academic program.
The White House also wants to combine five
loan repayment options into one plan that
would cap monthly payments at 12.5 percent of
a borrower's discretionary income.
Trump's oldest daughter and senior adviser,
Ivanka Trump, said the plan aims to
"modernize our higher education system to
make it more affordable, flexible and
outcomes-oriented."
In a statement on Monday, White House press
secretary Sarah Sanders called on lawmakers
to get behind the proposals, saying they "would
provide more Americans access to affordable
and quality education, improve institutional
accountability, and help students and families
make informed decisions regarding their
educational options."
"Remarkably, student loan debt exceeds what
Americans owe in credit card debt, auto loans,
or home equity loans," the statement said.
"Members of Congress who are committed to
ensuring Americans thrive in today’s strong,
modern, and growing economy should support
and pass these reforms."
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