NASFAA Mention: The College Affordability Act Proposed by Democrats Doesn’t Go Far Enough
"In a press conference on October 15, House Speaker Nancy Pelosi announced congressional Democrats’ plan to reauthorize the country’s main federal higher education law for the first time in over a decade. The College Affordability Act (CAA) — a 1,165-page bill with a $400 billion price tag — would bring about a wave of reforms aimed at increasing college accessibility, most notably by allowing states to offer tuition-free community college, while also taking steps to mitigate the student loan debt crisis," Teen Vogue reports.
"... But for many, the attempts — however incremental — to positively evolve aspects of the higher education system are more welcome than not. Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators, told Teen Vogue he approves of reforms like expanding federal financial aid programs and increasing the Pell Grant.
'The bill strengthens and expands the existing federal student aid programs and adds new programs targeted toward vulnerable populations,' he said. 'For decades the federal Pell Grant program has been the cornerstone of the federal student aid programs, and the CAA makes vital and necessary investments in that program.'"
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 10/29/2019
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