The PROSPER Act will cut $15 billion in student loans if it becomes law. In December 2017, the Republicans just pushed the PROSPER Act through the House without hearings and despite calls from the college communities, according to the Congressional Budget Office. Sound familiar?
The bottom line: This bill will make college MORE expensive for students and working families. Students will have to borrow more money and pay more to pay down their loans. Don’t be fooled by it’s name: PROSPER Act: Promoting Real Opportunity, Success, and Prosperity through Education Reform Act.
Once again, the Republicans have framed this act that will mislead Americans to vote for something that will ultimately hurt the people who need financial aid the most! Check out this article that lays out how student loans will change if the PROSPER Act is passed.