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S 2471 116th Congress Senate Education Administrative remedies Government lending and loan guarantees Higher education Performance measurement Student aid and college costs

Degrees Not Debt Act of 2019

Introduced: September 12, 2019 Introduced by: Heinrich, Martin Democratic · New Mexico 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
Sep 12, 2019
Read twice and referred to the Committee on Finance.
Sep 12, 2019
Introduced in Senate
 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 September 12, 2019

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1