As expected, the House Democrats introduced last week their version of the legislation to reauthorize the Higher Education Act (HEA). The 1,100-page College Affordability Act is likely to be marked up by the Education and Labor Committee next week. Unlike the Senate bill that was introduced in late September by HELP Committee Chairman Lamar Alexander (R-TN), the House legislation represents a comprehensive look at the underlying HEA.
The legislation covers a wide-range of issues in the HEA, from an increase of $500 in the Pell Grant maximum award to proposed changes in how outcome standards are determined for accreditation purposes and topics in between, such as the elimination of loan repayment programs currently in place and the creation of two new loan repayment options for new loans.
Read more about the legislation here. We will provide further updates.