Statement on Retaining Higher Education Investments in the Build Back Better Act

The Build Back Better Act includes three core higher education reforms: a new federal-state partnership to fund tuition-free community college; a boost to the maximum Pell Grant; and a landmark fund to support evidence-based student success initiatives. Together, these will go a long way toward restoring the promise of higher education and addressing the root causes of rising..

Income-driven repayment (IDR) plans, a suite of programs which aim to provide more affordable options by tying borrowers’…

With over 8.5 million borrowers currently enrolled, income-driven repayment (IDR) plans have become a critical safety net for student loan borrowers since the first widely available plan was created in 2007. For many borrowers, the monthly payment amount they would be required to make under a standard repayment plan is too high. IDR plans address this by allowing borrowers...

A broad set of speakers including students, student loan borrowers, advocates, institutional leaders, and lobbyists provided their thoughts on the ambitious set of priorities the U.S. Department of Education (ED) proposed to include as part of its upcoming negotiated rulemaking (neg reg) process.

This spring, lawmakers introduced three major legislative proposals to improve college affordability. These bills — the America’s College Promise Act, the Debt-Free College Act, and the College for All Act — differ in scope and design but would all create a new partnership between the federal government and states to better fund public higher education and waive some portion...

In January, the U.S. Department of Education updated the College Scorecard interface and released new data elements including dollar-based repayment rates. These new repayment rates shed light on the share of dollars on student loans being repaid over time for each college and program.