Restoring College Access and Affordability Act

This bill would repeal several student aid sections of a 2025 federal budget law (Public Law 119-21), restoring prior rules on federal student loan limits, loan repayment, deferment and forbearance, Public Service Loan Forgiveness, and Pell Grant eligibility. It would also repeal that law's delays of rules on borrower defense to repayment and closed school loan discharges. It would extend an existing rule that cuts off federal loans to programs with low graduate earnings so that it also covers certificate and credential training programs. Finally, it would set the federal tax on endowment income of private colleges at a flat 1.4 percent, starting with tax years beginning after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Richard Blumenthal Democrat sponsor
• 7 cosponsors