S. 308 aims to change the rules for certain student loans for graduate and professional students in the United States. It proposes to set new annual and total borrowing limits for Federal Unsubsidized Stafford Loans starting from July 1, 2025. Additionally, the bill seeks to...
Simple Explanation
The bill wants to change how much money college students can borrow to pay for school. It will make the rules simpler by giving students a fixed amount they can borrow each year and altogether, but some students may not be able to borrow extra money if they need more.