Washington (CNN) The Trump administration urged Congress Monday to put a cap on student loan borrowing, one of several proposals for updating the Higher Education Act. "We want to encourage responsible borrowing," said a senior administration official on a call with reporters. Currently, the amount an undergraduate student can borrow from the federal government is capped at $57,500 over the student's lifetime. The administration official did not say what the administration's proposed limit would be, but specifically mentioned the PLUS loan program . Some research suggests that unlimited borrowing may encourage colleges to drive up the price of tuition.

Source: CNN March 18, 2019 21:45 UTC