October 31, 2018—With the midterm election day less than one week away, those in the higher ed community are waiting anxiously to see how things will play out. This election could have far-reaching impact for the future direction of the Higher Education Act (HEA) and the millions of students all over the country who receive Title IV financial aid.
Long overdue for reauthorization, the HEA is the law that governs all federal student aid programs. In the past year, lawmakers in the House of Representatives have made strides in laying out their policy priorities for a reauthorization bill, through the Republicans’ PROSPER Act and Democrats’ Aim Higher Act. A change in leadership in the House could give Democrats an opportunity to move forward with their legislation, while maintaining the status quo could strengthen Republicans’ chances of passing the PROSPER Act.
The outcome could be critical, and the pieces of legislation are vastly different. In a new comparison chart, the National Association of Student Financial Aid Administrators (NASFAA) outlines the major differences between the bills in a comprehensive and clear manner—from how each bill would impact the Pell Grant program and the FAFSA, to changes that could alter the Federal Work-Study program and the student loan repayment process.
NASFAA policy experts are available to speak more about the midterm elections and the potential implications for reauthorizing the Higher Education Act. To set up an interview, please email Erin Powers, NASFAA director of marketing and communications at firstname.lastname@example.org or call (202) 785-6959.
The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents more than 20,000 financial aid professionals at nearly 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every ten undergraduates in the United States. Based in Washington, D.C., NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators. For more information, visit www.nasfaa.org.
Publication Date: 10/31/2018