As the year comes to a close, we need your help to keep standing up for low-income students and struggling borrowers, nationally in and California. Every day, TICAS works to reduce the need for student loans and the risks of student borrowing, especially for those with the greatest need. We're your go-to source for the latest data and analysis, practical policy solutions, and ways to get involved.
Because you care about college affordability and student debt, please consider making a tax-deductible gift to TICAS this holiday season if you haven't already. Your donations will help us keep fighting to make college more affordable and student debt more manageable in 2015. Here are just a few examples of what your support made possible over the past year:
When a proposed $2 billion cut would have created a funding gap for federal Pell Grants starting next year, we rallied advocates for students and education and the business community, and the cut was averted. Instead, the maximum Pell Grant will increase as scheduled by $100 to $5,830 in the next academic year!
Thanks to our diverse Cal Grant Coalition, the grant that helps the lowest income California students pay for non-tuition college costs rose for the first time in over a decade.
Despite a highly partisan climate, there was bipartisan support in Congress for several TICAS proposals for improving federal student aid, from reforming higher education tax benefits to giving students and their families better information about college costs.
The White House announced new executive actions to help more federal loan borrowers find out about and benefit from income-driven repayment plans along with other steps based on our recommendations.
The U.S. Department of Education took an important step towards reining in rip-off career education programs when it finalized a new gainful employment rule that's stronger than the 2011 rule, despite its flaws. Many of you joined TICAS and more than 30,000 others in calling for a strong rule.
While we've made important progress, there's much more work to be done. Student debt at graduation is still rising, as our most recent report made crystal clear. The maximum Pell Grant covers less than a third of what it costs to attend a public four-year college, even after the new increase. In California, many low-income students who qualify for a Cal Grant can't get one because of inadequate funding for non-traditional students.
You can make a real difference by making a year-end gift to TICAS today! With your help, we'll do everything in our power to ensure that funding for Pell Grants isn't compromised, colleges' accountability to students and taxpayers isn't weakened, and college and student loan costs don't increase for those who can least afford them.
But we can't do it without you.
Thank so much for speaking out when it matters and giving when you can. I hope we can count on your continued support.
From all of us at TICAS, thank you and happy holidays!