White House proposes caps on student loan borrowing
By COLLIN BINKLEY, Associated Press
Mar 18, 2019 12:05 PM CDT
FILE - In this Feb. 7, 2019, file photo, Ivanka Trump speaks during a roundtable on the Women's Global Development and Prosperity Initiative in the Eisenhower Executive Office Building on the White House complex in Washington. President Donald Trump’s 2020 budget proposal will include $100 million for...   (Associated Press)

The Trump administration is proposing new limits on student borrowing as part of a broader plan to curb the cost of college.

White House officials announced the plan Monday amid a list of education priorities as Congress sets out to overhaul the Higher Education Act.

The plan says Congress should put a cap on federal student loans to prevent borrowers from taking on unmanageable debt. Officials didn't propose specific limits but said it could vary by academic program.

The White House also wants to combine five loan repayment options into one plan that would cap monthly payments at 12.5 percent of a borrower's discretionary income.

Trump's oldest daughter and adviser Ivanka Trump said the plan aims to "modernize our higher education system to make it more affordable, flexible and outcomes-oriented."