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The Institute for College Access & Success, July 2013
The student loan interest rate compromise reached by the Obama Administration and Senate negotiators from both parties is more a missed opportunity than a cause for celebration. While Senate Democrats succeeded in including caps on how high rates can rise, the agreement is still projected to cost...
July 2013
On July 10, a minority in the Senate succeeded in blocking legislation to reverse the doubling of interest rates on subsidized Stafford loans for students who need to borrow for college this fall. While a majority of senators voted to extend the 3.4% rate for one year, support fell short of the 60...
Urges Senators to Vote for Reed-Harkin Bill and Against Coburn-Burr Bill
The Institute for College Access & Success, June 2013
In just 24 days, the interest rate for subsidized Stafford student loans will double from 3.4% to 6.8% unless Congress acts. Today, we call on the Senate to keep college and federal loans affordable instead of driving students deeper into debt by supporting the Reed-Harkin bill and opposing the...
The Institute for College Access & Success, May 2013
New legislation (S. 953) introduced by Senators Jack Reed and Tom Harkin, along with Majority Leader Harry Reid and nine other senators, prevents interest rates on subsidized student loans from doubling as scheduled this July and pays for itself by closing tax loopholes. Unlike some recent...
Kline/Foxx Bill Shifts the Government’s Debt to Students, Makes College Less Affordable
The Institute for College Access & Success and the Education Trust, May 2013
Under a new House bill, interest rates on certain federal student loans will nearly double by 2016 and more than double by 2017, not just on new loans but on all loans issued this coming school year or after. Legislation introduced by House Education and the Workforce Chairman John Kline and...
Fully Funds Pell Grants and Improves Income-Based Repayment, but Removes the Cap on Federal Student Loan Interest Rates
The Institute for College Access & Success, April 2013
President Obama’s fiscal year 2014 budget proposal is a mixed bag for students. The most important good news is that it fully funds Pell Grants, which help more than nine million students attend and complete college and reduce how much they need to borrow. Expanding access to work-study jobs and...
Broad Coalition Releases Analysis and Recommendations to Strengthen California Grant Program
The Institute for College Access & Success, April 2013
The Institute for College Access...
The Institute for College Access & Success, March 2013
The Senate’s fiscal year 2014 budget resolution, which the full Senate is expected to vote on this week, invests in our nation’s families and economy by focusing on college affordability. Crucially, it ensures funding for Pell Grants and takes important steps to keep federal student loans...
Cuts Pell Grants and Doubles Student Loan Interest Rates
The Institute for College Access & Success, March 2013
As students and families across the nation struggle to keep up with college costs and pay off their student loans, the House Budget Committee’s fiscal year 2014 budget would make college even less affordable. It slashes Pell Grants, which help more than nine million students get to and through...
The Institute for College Access & Success, February 2013
The Institute for College Access & Success issued a white paper calling for major changes to the way federal student aid is applied for, allocated, delivered, and communicated, as well as to how colleges are held accountable for the taxpayer funding they receive...

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