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HBCUs and borrower protections at center of fight over risk‑sharing, 90/10, borrower defense and closed‑school rules
Summary
Democrats said risk‑sharing, repeal of the 90/10 rule, and rollback of borrower‑defense protections would harm HBCUs and defrauded students; Republicans said the reforms create accountability and fiscal discipline.
Lede: Several Democratic members argued the reconciliation package’s risk‑sharing provisions and the repeal of key consumer protections would disproportionately harm historically Black colleges and universities (HBCUs) and low‑income students, while Republicans said the bill’s sector‑neutral accountability would force institutions to improve outcomes and lower costs.
Nut graf: Debate covered three interlocking areas: (1) risk‑sharing penalties that would require colleges to reimburse the federal government for unpaid loans; (2) rollback or repeal of regulations…
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