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Congressional Update – College for All Act

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The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. But for now, here is a snippet from the bill.

College for All Act

H.R. 4385 — Introduced

…institutions of higher education (IHEs). It also amends the Higher Education Act of 1965 to: modify provisions related to interest rates on federal student loans to revise rates applicable to new loans disbursed on or after July 1, 2016; allow student loan borrowers to modify interest rates on outstanding federal student loans to current rates; reauthorize the Federal Work Study program for FY2017-FY2021; eliminate existing base guarantees of Federal Work Study funds to IHEs and require funds …

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