Financing Evidence-Based College Completion Programs

“Today’s hearing was an opportunity to provide members of the House Subcommittee on Higher Education and Workforce Development with a clearer picture of how to strengthen our nation’s higher education system and reduce the burden of student debt."

President Biden’s fiscal year 2024 budget proposes critical investments in college affordability and completion to help millions of students realize the benefits of a college degree.

TICAS statement applauds the Biden-Harris Administration's actions to improve income-driven repayment program.

2022 has been an extraordinary year for higher education, delivering substantial progress on many of our longstanding policy priorities. This year brought much-needed but long-delayed relief to millions of students and borrowers. It also brought progress toward delivering more fully on the promise of an affordable, equitable college system that is free from fraud and abuse.

“Today, President Biden announced that his administration will cancel up to $10,000 of debt for all student borrowers with federal undergraduate, graduate, and parent loans who earned annual incomes less than $125,000, as well as up to $20,000 of debt for borrowers whose incomes fall below those thresholds and received a Pell Grant to help them pay for college.

We welcome the Biden Administration’s actions to address shortcomings of the IDR system, including forbearance steering and flawed payment tracking. The plans announced today will result in immediate balance cancellation for tens of thousands of borrowers under IDR and Public Service Loan Forgiveness and additionally move millions of borrowers closer ...