summary
Introduced
01/11/2024
01/11/2024
In Committee
01/31/2024
01/31/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To lower the cost of postsecondary education for students and families.
AI Summary
This bill, the College Cost Reduction Act, aims to lower the cost of postsecondary education for students and families. Key provisions include:
- Establishing a standard financial aid offer form and terminology to improve transparency around college costs and financial aid. Institutions will be required to use this standard form and terminology.
- Creating a College Scorecard website to provide detailed, disaggregated information on college costs, financial aid, student outcomes, and value-added earnings. This includes establishing a Universal Net Price Calculator.
- Developing a postsecondary student data system to improve data collection and analysis around student enrollment, progression, completion, and post-college outcomes.
- Modifying loan limits and repayment plans, including eliminating PLUS loans and capping annual and aggregate limits for undergraduate and graduate/professional student borrowers.
- Instituting an accountability system where institutions must reimburse the government for student loans that go into non-repayment, with penalties for late payments.
- Providing performance-based grants to institutions that meet affordability and student success goals, and terminating certain existing campus-based aid programs.
- Implementing regulatory relief by repealing rules around the 90/10 requirement, financial value transparency, and changes in institutional ownership.
- Enhancing oversight and standards for accrediting agencies, including requirements around religious mission respect and limiting scope of criteria.
- Establishing a new Postsecondary Student Success Grants program to fund evidence-based reforms to improve student outcomes, with a focus on high-need students.
Committee Categories
Education
Sponsors (154)
Virginia Foxx (R)*,
Robert Aderholt (R),
Mark Alford (R),
Rick Allen (R),
Mark Amodei (R),
Jodey Arrington (R),
Jim Baird (R),
Jim Banks (R),
Aaron Bean (R),
Cliff Bentz (R),
Jack Bergman (R),
Stephanie Bice (R),
Gus Bilirakis (R),
Dan Bishop (R),
Lauren Boebert (R),
Josh Brecheen (R),
Vern Buchanan (R),
Tim Burchett (R),
Michael Burgess (R),
Eric Burlison (R),
Ken Calvert (R),
Kat Cammack (R),
John Carter (R),
Lori Chavez-DeRemer (R),
Juan Ciscomani (R),
Ben Cline (R),
Michael Cloud (R),
Andrew Clyde (R),
James Comer (R),
Dan Crenshaw (R),
John Curtis (R),
Anthony D'Esposito (R),
Scott DesJarlais (R),
Byron Donalds (R),
John Duarte (R),
Jeff Duncan (R),
Neal Dunn (R),
Chuck Edwards (R),
Jake Ellzey (R),
Tom Emmer (R),
Ron Estes (R),
Pat Fallon (R),
Drew Ferguson (R),
Brad Finstad (R),
Scott Fitzgerald (R),
Chuck Fleischmann (R),
Vince Fong (R),
Scott Franklin (R),
Russell Fry (R),
Russ Fulcher (R),
Matt Gaetz (R),
Tony Gonzales (R),
Bob Good (R),
Lance Gooden (R),
Kay Granger (R),
Sam Graves (R),
Mark Green (R),
Morgan Griffith (R),
Glenn Grothman (R),
Brett Guthrie (R),
Harriet Hageman (R),
Andy Harris (R),
Diana Harshbarger (R),
Kevin Hern (R),
French Hill (R),
Ashley Hinson (R),
Erin Houchin (R),
Richard Hudson (R),
Wesley Hunt (R),
Darrell Issa (R),
Ronny Jackson (R),
John James (R),
Dusty Johnson (R),
Jim Jordan (R),
Dave Joyce (R),
Mike Kelly (R),
Trent Kelly (R),
Jen Kiggans (R),
Kevin Kiley (R),
David Kustoff (R),
Darin LaHood (R),
Nick LaLota (R),
Doug LaMalfa (R),
Doug Lamborn (R),
Nick Langworthy (R),
Jake LaTurner (R),
Debbie Lesko (R),
Greg Lopez (R),
Barry Loudermilk (R),
Blaine Luetkemeyer (R),
Anna Luna (R),
Nicole Malliotakis (R),
Celeste Maloy (R),
Tracey Mann (R),
Brian Mast (R),
Lisa McClain (R),
Tom McClintock (R),
Richard McCormick (R),
Patrick McHenry (R),
Cathy McMorris Rodgers (R),
Dan Meuser (R),
Carol Miller (R),
Mary Miller (R),
Cory Mills (R),
John Moolenaar (R),
Alex Mooney (R),
Barry Moore (R),
Nathaniel Moran (R),
Greg Murphy (R),
Troy Nehls (R),
Ralph Norman (R),
Jay Obernolte (R),
Andy Ogles (R),
Burgess Owens (R),
Greg Pence (R),
August Pfluger (R),
Bill Posey (R),
Guy Reschenthaler (R),
Hal Rogers (R),
Mike Rogers (R),
John Rose (R),
David Rouzer (R),
Michael Rulli (R),
John Rutherford (R),
Steve Scalise (R),
David Schweikert (R),
Austin Scott (R),
Keith Self (R),
Pete Sessions (R),
Adrian Smith (R),
Chris Smith (R),
Jason Smith (R),
Lloyd Smucker (R),
Pete Stauber (R),
Michelle Steel (R),
Elise Stefanik (R),
Greg Steube (R),
Claudia Tenney (R),
Tom Tiffany (R),
William Timmons (R),
David Valadao (R),
Jeff Van Drew (R),
Beth Van Duyne (R),
Derrick Van Orden (R),
Michael Waltz (R),
Randy Weber (R),
Daniel Webster (R),
Brad Wenstrup (R),
Bruce Westerman (R),
Brandon Williams (R),
Roger Williams (R),
Joe Wilson (R),
Rudy Yakym (R),
Ryan Zinke (R),
Last Action
Placed on the Union Calendar, Calendar No. 624. (on 11/18/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/6951/all-info |
| BillText | https://www.congress.gov/118/bills/hr6951/BILLS-118hr6951rh.pdf |
| BillText | https://www.congress.gov/118/bills/hr6951/BILLS-118hr6951ih.pdf |
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