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Student Loan News -&nbsp;The new Bill Act for Student Loan Programs just passed the House by 1 vote.Now it needs to pass Senate, and members might demand large changes to a variety of the provisions.If Bill were to pass though, it would be the most wide-ranging student loan legislation since the creating of IBR and PSFL in the late 2000’s.Quick reminder of some changes.Force existing borrowers to choose between old IBR plan and the new GOP “RAP” plan Limit borrowing to just $ 150,00 0 for professional school End PSFL for physicians who start med school this fall or later Shorten the time borrowers could access forbearance and reduce the types of decrements available &nbsp; Just a short summary !!Senate is expected to propose significant modifications to this bill, but what we don’t know is if those modifications will also include a different version of student loan reform or if they will merley defer to the House on that section.Expect more information by the 4th of July weekend, as Senate finalizes their version of the bill by such date.

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