Higher Education Reform and Opportunity Act

This bill changes how federal student loans and college accreditation work. It combines all federal student loans into one program and gradually ends loan forgiveness for borrowers. It also allows other types of education programs, like apprenticeships, to qualify for federal financial aid if they are accredited through a state agreement with the Department of Education. Colleges would be required to publish information about how their graduates are doing, such as employment rates and average student loan debt, and colleges would have to pay fines based on how many of their students are not making regular payments on their federal loans.

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