GOP Proposes Solutions for Student Loan Debt and College Costs

Senate Republicans have introduced the Lowering Education Costs and Debt Act, which would require colleges to provide clearer information about their costs and cap borrowing for graduate students. The legislation aims to tackle the "skyrocketing" cost of college and provide more transparency to prospective students about their likely loan repayment burden compared with their projected income. The Republican lawmakers view President Joe Biden's plan to forgive student debt as an unfair approach that saddles taxpayers with the bill and doesn't address the underlying issues that are causing college costs to rise.