New Rules from Ed to Simplify Student Loan Payments & Lower College Costs

WASHINGTON, D.C.—The America First Policy Institute (AFPI), has released the following statement from Dr. Michael A. Shires, vice chair for Education Opportunity, on the U.S. Department of Education’s newly released rules which intend to lower college costs and simplify student loan repayments:

“Students today pay more than ever to gain an education, and many students are handed crippling debt along with their diplomas. The new rules dramatically simplify the confusing and convoluted student loan application and repayment processes. Forgiving all student loans was poor policy and left taxpayers holding the bag. With the Department’s new rules, the pressure will be on colleges to curb tuition growth, and students will have clearer and better options when it comes time to repay their loans.”

AFPI has conducted extensive research on the state of the U.S. higher education system. To read more, click here.