June 23, 2023

Higher Ed Policy Roundup: Vol. 7 - Issue 21

Policy and Advocacy


This Week in Washington

On Wednesday, the House failed to pass an override of President Biden’s veto of the Congressional Review Act that would have blocked the Biden-Harris Administration’s plan to forgive up to $20,000 of student debt. Republicans needed a two-thirds majority to overrule the veto but fell short with a 221-206 vote. The fate of the forgiveness measure remains with the U.S. Supreme Court where a decision is expected this month.

Late last week, the Education Department (ED) published a notice in the Federal Register updating waivers and modifications of statutory and regulatory provisions. The impacted provisions include a clarification that income-driven repayment plan participants are not required to provide proof of income and will be notified when that changes; defaulted borrowers will retain access to ED's Fresh Start initiative thus retaining access to Title IV aid and all repayment plans; and interest that has accrued since March 12, 2020 on federal student loans will not capitalize.

News You Can Use

The Office of Federal Student Aid (FSA) released its third-quarter portfolio reports via the FSA Data Center with data and information about federal student aid programs.

The Congressional Research Service published a brief that offers insight into online federal resources that help students plan and pay for postsecondary education.

Recent Legislation

The following bill(s) have been recently introduced for consideration by the 118th Congress (2023-2024):

H.R. 4144The Federal Assistance to Initiate Repayment (FAIR) Act [Rep. Burgess Owens (R-UT-4)] would allow defaulted borrowers a second chance to rehabilitate their loans and enroll in an affordable repayment plan and eliminate the Biden-Harris Administration's revised income-driven repayment plan.