H.R. 8461, titled the "Student Loan Reform Act," seeks to change the way student loans work in the United States. It proposes allowing colleges and universities to cosign federal student loans alongside students. This means institutions would share the responsibility for repaying the loans if...
Simple Explanation
Schools might help students pay their government loans by signing with them, but if the student can't pay, the school will help with the payments too. This plan also tries to make loan costs lower and figures out which schools want to be a part of this.