The bill S. 801, titled the "Higher Education Reform and Opportunity Act," proposes amendments to the Higher Education Act of 1965 to improve fiscal accountability and student loan procedures. It plans to phase out certain federal student loan programs, introduce "Federal...
Simple Explanation
The Higher Education Reform and Opportunity Act wants to change the rules for student loans and colleges. It plans to give students fewer loan forgiveness options, make colleges tell everyone how well their students do, and ask colleges to take better care of the money they get for students, so students don't end up with too much debt.