New Report Calls for Strengthening Cohort Default Rate

On October 31, the House Committee on Education and Labor passed the College Affordability Act (CAA), a comprehensive proposal to reauthorize the Higher Education Act.

Turning the tide on tuition and student debt will require significant new investments in public colleges and universities. But more money alone is not enough. To close college opportunity gaps, we need to direct more funding to the colleges serving the neediest students.

The College Affordability Coalition — 25 organizations representing students and families, institutions, consumers, and civil rights groups — released principles for the reauthorization of the Higher Education Act to ensure college is affordable for all Americans, including students of color and low-income students.

Millions of undergraduate students each year receive a federal Pell Grant to help pay for the costs of enrolling in…

Today marks the 25th anniversary of the first income-driven repayment (IDR) plan being made available for federal student loan borrowers. Over eight million borrowers currently benefit from IDR plans, which base monthly payments on an individual’s income and family size. By keeping monthly payments more affordable, IDR is a critical safety net for struggling borrowers that...

Income-driven repayment (IDR) plans set monthly student loan payments based on income and family size, allowing borrowers to pay more when their income is higher. Yet, the current array of such plans available today - for which eligibility requirements, costs, and benefits vary - creates barriers to successfully navigating student loan repayment. The variety of available plans...