The College Cost Reduction Act (H.R. 6951). CRS Report R48241, Version 4
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| Title: | The College Cost Reduction Act (H.R. 6951). CRS Report R48241, Version 4 |
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| Language: | English |
| Authors: | Kyle D. Shohfi, Adam K. Edgerton, Benjamin Collins, Alexandra Hegji, Cassandria Dortch, Rita R. Zota, Library of Congress, Congressional Research Service (CRS) |
| Source: | Congressional Research Service. 2024. |
| Availability: | Congressional Research Service. Web site: https://crsreports.congress.gov/ |
| Peer Reviewed: | N |
| Page Count: | 34 |
| Publication Date: | 2024 |
| Intended Audience: | Policymakers |
| Document Type: | Reports - Descriptive |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | Higher Education, Federal Legislation, Educational Legislation, Student Costs, Educational Policy, Student Financial Aid, Accountability, Paying for College, Federal Aid, Computation, Consumer Education, Grants, Student Loan Programs |
| Laws, Policies and Program Identifiers: | Higher Education Act 1965, Higher Education Act Title IV |
| Abstract: | During the 118th Congress, the House Committee on Education and the Workforce marked up and ordered reported the College Cost Reduction Act (CCRA; H.R. 6951). Most of the bill's provisions would amend the Higher Education Act of 1965 (HEA; P.L. 89-329, as amended), though it is not a comprehensive reauthorization of the HEA. Nevertheless, the bill would make policy changes affecting a wide array of postsecondary education issues. H.R. 6951 signals an attempt to apply downward pressure on the cost of postsecondary education by changing how federal student aid is calculated and awarded, curtailing the availability of some student aid programs, implementing an institutional accountability framework, and providing expanded consumer information, among other policy changes. This report provides a section-by-section summary of H.R. 6951. Following the structure of the bill, the report begins with Title I, which concerns transparency of information related to college costs and value. Next, the report describes Title II, which addresses financial aid, including proposed changes to how student financial need would be calculated and other changes to HEA Title IV grant and loan programs. The report concludes with Title III, which includes a proposed institutional risk-sharing policy, the repeal of ED regulations, the codification of a new grant program--Postsecondary Student Success Grants--and provisions on accreditation and student transfer policies. |
| Abstractor: | ERIC |
| Entry Date: | 2025 |
| Accession Number: | ED671135 |
| Database: | ERIC |
| Abstract: | During the 118th Congress, the House Committee on Education and the Workforce marked up and ordered reported the College Cost Reduction Act (CCRA; H.R. 6951). Most of the bill's provisions would amend the Higher Education Act of 1965 (HEA; P.L. 89-329, as amended), though it is not a comprehensive reauthorization of the HEA. Nevertheless, the bill would make policy changes affecting a wide array of postsecondary education issues. H.R. 6951 signals an attempt to apply downward pressure on the cost of postsecondary education by changing how federal student aid is calculated and awarded, curtailing the availability of some student aid programs, implementing an institutional accountability framework, and providing expanded consumer information, among other policy changes. This report provides a section-by-section summary of H.R. 6951. Following the structure of the bill, the report begins with Title I, which concerns transparency of information related to college costs and value. Next, the report describes Title II, which addresses financial aid, including proposed changes to how student financial need would be calculated and other changes to HEA Title IV grant and loan programs. The report concludes with Title III, which includes a proposed institutional risk-sharing policy, the repeal of ED regulations, the codification of a new grant program--Postsecondary Student Success Grants--and provisions on accreditation and student transfer policies. |
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