US Education Department finalizes major student loan reforms, capping graduate borrowing and simplifying repayment
The US Department of Education has reached a pivotal milestone in reshaping the nation’s student loan picture, finalizing consensus on sweeping reforms under the One Big Beautiful Bill Act (OBBBA). The Reimagining and Improving Student Education (RISE) Committee, after intensive deliberations over September and November, agreed on a comprehensive framework to simplify repayment, cap excessive…