The “big, beautiful” tax law of US President Donald Trump is likely to have a significant impact on higher education. The New York Times’s leaders said that the bill had passed the law in the House of Representatives on Thursday “could attend a less accessible university”.
Trump announced on Thursday that the Republicans in the House of Representatives ‘just passed’One big beautiful Bill Act“When passing a bill, Trump said,” The biggest account of its kind ever signed – and this country will do it a missile ship. It will be really great. “”
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Here’s a way that this act can affect students loans
The bill would “make a university less affordable,” said Lynn Pasquerell, president of the US Association of Higher Education and Universities, adding that schools could become less economically and racially diverse.
Republicans said that measures impose responsibility to the sector that failed to be alone. The purpose of the students’s caps is to rule in a balloon debt for postgraduate students, allegedly said, and a tax on university foundations that schools often use to provide financial assistance.
According to the Congress Budget Office, it is expected that student loans changes will save more than $ 300 billion in ten years.
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The NYT report claimed that Trump’s bill shows that the Republican agenda for higher education dates back to Ivy League, such as Harvard, Columbia and the University of Pennsylvania.
“The sweeping cuts on Medicaid on Wednesday of the bill could also have consequences for higher education,” the report added.
He quoted experts to say that the changes that include new work requirements will be even harder for low -income students.
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A restriction of student loans
The bill limits the amount of postgraduate students of money can borrow from the federal government to pay for the school. According to the account, students cannot remove more than $ 100,000 to the master’s degree and no more than $ 200,000 for doctoral, medical or professional titles.
Trump’s administration supported the bill and said: “By reducing the availability of loans, we violate the debt cycle and increase higher education more accessible to all Americans.”
But those who attacked the proposal against Trump said that some students would not be able to perform these programs, while others would be forced to borrow a private market. Private loans are not eligible for programs of forgiveness of public service loans that help many students reduce their debt.
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“The Faculty of Medicine may be impossible for these students at a time when we need more doctors,” said Jon Fansmith, head of the US Education Council. Graduates of medical faculties owe an average of more than $ 240,000, NYT reported when deleting the initiative for education data.
The bill would also eliminate the Federal Grad Plus Loan program, which helps graduates to finance their study.
By limiting student loans, Congress wants to deal with a problem in which some university graduates end up in poorly paid jobs.
Within the new policy, study programs will be eligible for the use of federal student aid unless their graduates fulfill certain revenue Prague. This is true for both university and postgraduate programs.
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Pell Grants on Nesgree Programs
The bill included a controversial plan to extend the capacity to the grant for non -accredited programs, but the Senate deputy stated this provision, NYT said.
Students attending short -term work education programs, such as cloud design credentials or certification of a forklift driver, are now eligible for PELL grants, which millions of students rely on pay for college.
The Bipartisan step was welcomed by community universities, which stated that workforce training would be more accessible to non -traditional students.
(With New York Times inputs)
(Tagstotranslate) Trump’s tax law
