The Higher Education Reform and Opportunity Act amends the Higher Education Act of 1965 to simplify federal student loans, eliminate loan.
The Higher Education Reform and Opportunity Act introduces significant changes to the Higher Education Act of 1965. It mandates the simplification of federal student loans, phasing out traditional loans in favor of Federal Direct simplification loans starting July 1, 2025. It eliminates loan forgiveness for loans made after July 1, 2025, except for Federal Direct simplification loans. The act also imposes fiscal accountability by stopping new loan disbursements after September 30, 2028, unless they are Federal Direct simplification loans.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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