A sweeping reconciliation bill approved by the House early May 22 would bring massive changes to federal student loans and financial aid, while slashing $330 billion in education-related spending.
The bill narrowly passed by a mostly party-line vote of 215–214. The proposed changes are part of broader Republican efforts to reduce federal spending and help offset the cost of extending trillions of dollars in tax cuts from President Donald Trump’s first term along with new tax relief measures.
