This pauses disbursement of all federal loans and prohibits new scientific grant funding indefinitely. As written, this appears to apply to student loans, as those are disbursed via universities–not directly from the Dept of Education. It explicitly requires cancellation of awarded scientific grant funding that is in conflict with the current administration.
Very cool that contracts are very important and I must pay back my crippling student loans. We can’t just stop money with a magic wand.
Oh but the government can just stop giving out money to people it already owes. Hope those mothers and babies in need won’t starve.