The Trump administration wants to put a limit on student loan borrowing
Washington The Trump administration urged Congress Monday to put a cap on student loan borrowing, one of several proposals for updating the Higher Education Act.
"We want to encourage responsible borrowing," said a senior administration official on a call with reporters.Currently, the amount an undergraduate student can borrow from the federal government is capped at $57,500 over the student's lifetime. But parents of undergraduates and graduate students face no such limits, and can borrow as much as they need -- with the price tag set by schools.
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