On June 10, 2025, U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee chair Bill Cassidy released a sweeping reconciliation bill that guts critical protections for student loan borrowers, restricts access to higher education, and costs families thousands of dollars—all to deliver tax cuts for the wealthy. In response, the Student Borrower Protection Center (SBPC) sent a letter to the Committee Chairman Bill Cassidy and Ranking Member Bernie Sanders detailing that a typical borrower will see monthly student loan costs spike by hundreds of dollars per month, or thousands of dollars per year.
Read the Letter: Preliminary Economic Analysis of Proposal on Student Loan Repayment
Read the Press Release: Senate Republicans Double Down on House’s Cruel Agenda, Push Reconciliation Bill That Jacks Up Costs for Students and Families to Bankroll Billionaire Tax Breaks