October 14, 2022

Higher Ed Policy Roundup: Vol. 6 - Issue 26

Policy and Advocacy


This Week in Washington

On Tuesday, the White House unveiled a preview of its student debt forgiveness application that borrowers will need to complete to apply for forgiveness. Recall that the Biden-Harris Administration announced a plan to provide up to $20,000 in forgiveness for Pell recipients and $10,000 in forgiveness for all other Direct Loan borrowers. The application will be available in a mobile format, as well as in Spanish. It will ask borrowers for basic identifying information and to certify that they meet the income threshold. There may also be a requirement for additional income documents such as tax returns if more information is needed to verify eligibility. The application is expected to go live at the end of the month and borrowers will have until December 31, 2023 to apply for forgiveness. 

Recent Legislation

The following bill has been recently introduced for consideration by the 117th Congress (2021-2022):

S. 5072 – Student Protection and Success Act [Sen. Jeanne Shaheen (D-NH)] would remove federal student loan eligibility from all colleges and universities where less than 15 percent of their students are able to begin repaying their loans within three years of graduating or leaving school.