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.
I honestly didn’t expect this one. They didn’t do anything like this last time and this is highly illegal. Hoping the courts stop this because it’s going to hurt thousands of people if not more if it goes through.