The U.S. Senate has released details about its version of the budget reconciliation package known as President Donald Trump’s “One Big Beautiful Bill Act.”
The House passed its version of the bill on May 22, which included a number of proposals to reform the current federal student loan landscape, including the elimination of existing repayment plans and new limits on federal borrowing.
The Senate’s version — released by the Health, Education, Labor and Pensions committee on June 10 — keeps most of those proposals in place, but takes out other regulations, like a loan limit on undergraduate borrowers.
Critics say the bill removes important protections for vulnerable student loan borrowers, such as affordable repayment plans and recourse when students are harmed by their institution.
“While the Senate has pared back or rejected many of the most harmful changes proposed by the House, the bill still harms the lowest-income loan borrowers and students to pay for tax cuts,” Sameer Gadkaree, president of The Institute for College Access & Success, said in a statement on June 11.
