Sounds good on the face of it but really doesn’t address the mountain of debt most people are in currently. Agreed that schools and deceptive lending practices need to be reigned in, but let’s be real here, this doesn’t really address the root cause of the problem which is runaway costs. As long as people are willing to take the loans out the schools will continue to charge what they want. From what I read it’s just kicking the can down the road and putting the onus on a young student coming out of high school to make the right decision.

So their plan is to ensure students know the costs upfront (This is already done) and then to limit certain students from borrowing. What a wonderful idea to bring home to your constituents while not addressing the issue of rising costs.

root causes

Oh, great! So it's going to restore all that state funding that universities used to get? The funding that student loans were used to make up after it was cut?

No?

Oh well.

This does nothing to address one of the most expensive aspects of attending college - room and board. With rent and real estate prices climbing dramatically, this is a huge (>50%) part of the expense of college for those who cannot live at home. Students get loans to help cover that and over four years it adds up to many tens of thousands of dollars.