On this page, you'll find proposals that aim to improve affordability in innovative ways for students outside of grant or campus-based aid funding proposals.
Sponsor: Rep. Warren [D-MA]
Cosponsors: 4 (2D; 2R)
NASFAA Summary & Analysis: This bill would develop accessibility guidelines for instructional materials used in postsecondary education, as well as provides incentives for institutions of higher education to follow the guidelines while still offering flexibility for schools while reiterating that pre-existing obligations still apply.
Sponsor: Rep. Garcia [D-IL]
Cosponsors: 28 (28D; 0R)
NASFAA Summary & Analysis: This bill would increase the TEACH Grant annual amount from $4,000 to $8,000 as well as would increase the total aggregate amount to $32,000.
Sponsor: Sen. Bennet [D-CO}
NASFAA Summary & Analysis: This bill would create a grant program that would encourage the establishment of apprenticeships between institutions of higher education, employers, and workforce intermediaries. Students would be able to earn college credit, industry credentials, and compensation for their work. Employers would pay at least 25 percent of the student’s college tuition and fees. This bill would also expand the FWS program to include apprenticeship programs.
Sponsor: Rep. Cicilline [D-RI]
Cosponsors: 3 (3D; 0R)
NASFAA Summary & Analysis: This bill would create a new loan type, a Federal Interest Free Education Loan, eliminating all other direct loan programs. The loan would carry a 3.76% interest rate for the lifetime of the loan with an aggregate borrowing limit of $90,000.
Sponsor: Rep. Scott [D-VA]
Cosponsors: 83 (83D; 0R)
NASFAA Summary & Analysis: The College Affordability Act, a comprehensive HEA reauthorization bill would expand student eligibility for the Pell grant, expending the Pell LEU from 12 to 14 semesters. It would also remove the requirement that eligible male students register with Selective Service before applying for financial aid. The bill creates a FAFSA simplification plan, that sends students down 3-pathways on the FAFSA depending on their income and family circumstances. It also adds some standardization to financial aid offers. Repayment plans would be limited to only two options under the CAA, an income-based plan, or a fixed plan. Origination fees would be eliminated with the bill, and borrowers would now be eligible for a one-time student loan refinancing.
Sponsor: Rep. Carbajal [D-CA]
NASFAA Summary & Analysis: This bill would increase the maximum amount of the Federal Pell Grant, increase the income threshold for auto-zero EFC calculations as well as creates a simplified FAFSA application for low-income families.
Sponsor: Rep. DelBene [D-WA]
Cosponsors: 2 (1D; 1R)
NASFAA Summary & Analysis: This bill would seek to reduce the cost of textbooks for undergraduate college students by encouraging institutions, through a grant program, to make digital course materials available in at least two different academic departments.
Sponsor: Rep. Johnson [R-SD]
NASFAA Summary & Analysis: Empower Parents in College Act would allow institutions to allocate a portion of funds under the Strengthening Institutions Program to establish, improve, or expand partnerships with child care providers.
Publication Date: 1/31/2020