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.
Same with everything else. Like no one actually knows how to follow the new RTO mandate, or what it even means in relation to existing contracts, etc.