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HR 4638 116th Congress House Education Administrative remedies Government lending and loan guarantees Higher education Performance measurement Student aid and college costs

Degrees Not Debt Act of 2019

Introduced: October 11, 2019 Introduced by: Carbajal, Salud O. Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 11, 2019
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 11, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Degrees Not Debt Act of 2019

This bill sets forth provisions to increase the availability of need-based federal student aid and require an institution of higher education (IHE) to disclose performance indicators.

The bill repeals the alternative minimum tax exemption and the increased estate and gift tax exemption and uses the tax revenue to increase need-based federal student aid. Specifically, the bill increases (1) the maximum amount of the federal Pell Grant, and (2) the income threshold that triggers an automatic zero for an expected family contribution.

In addition, the bill eliminates Pell Grant funding for an institution of higher education in a state that does not maintain its funding levels for IHEs.

Finally, an IHE must disclose performance indicators (e.g., graduation rates and employment outcomes).

What's happening now October 11, 2019

Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Committees of jurisdiction 2