House GOP proposed a major student loan forgiveness and repayment overhaul. Here’s how the Repayment Assistance Plan would work for 40 million current and new borrowers

Consumer advocacy groups condemned the proposal, arguing it would worsen the already high cost of college and put further pressure on families trying to afford higher education.

Republicans have unveiled their plan to overhaul the federal student aid system, and the new rules they seek to implement would significantly limit the options available to borrowers when it comes time to repay their loans.