modifying the eligibility requirements for IHEs and students to participate in federal student aid programs;
revising accountability measures for IHEs, such as adding new measures for minority-serving institutions;
requiring IHEs to implement programs to prevent the use of illicit drugs and the abuse of alcohol by students and employees;
prohibiting aid to IHEs that deny religious student organizations the rights, benefits, or privileges that are afforded to other organizations;
limiting the Department of Education's authority to issue regulations;
revising requirements concerning sexual assault on campuses;
authorizing an industry-led apprenticeship grant program;
reauthorizing through FY2024 and revising specified programs, including the Federal Pell Grant program, the Federal Work-Study programs, and an aid program for students whose families are seasonal farm workers;
revising requirements governing the Federal TRIO programs for students from disadvantaged backgrounds;
repealing specified grant programs (e.g., the Federal Supplemental Educational Opportunity Grant program) and loan forgiveness programs (e.g., Public Service Loan Forgiveness) for new borrowers;
replacing the existing student loan programs (i.e., the Federal Direct Loan program and the Federal Family Education Loan program) with a single loan program (i.e., ONE loan program);
revising student loan limits for undergraduate students and establishing loan limits for graduate students; and
replacing existing student loan repayment plans with an income-based repayment plan.