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Jason Cohn; Jason Delisle – Urban Institute, 2024
Earlier this year, Representative Virginia Foxx (R-NC) introduced the College Cost Reduction Act (CCRA), a bill to reform higher education grant and loan programs and to establish new accountability rules for colleges. A key part of the bill would replace the myriad income-driven repayment (IDR) plans for federal student loans, including the Biden…
Descriptors: Student Loan Programs, Loan Repayment, Federal Legislation, College Students
Jason Delisle; Jason Cohn – Urban Institute, 2023
The Biden administration launched a new income-driven repayment (IDR) plan for federal student loans this year called Saving on a Valuable Education (SAVE). The plan cuts borrowers' monthly payments compared with current IDR plans, provides earlier loan forgiveness for smaller debts, and prevents unpaid interest from accumulating. To better…
Descriptors: Paying for College, Student Loan Programs, Federal Aid, Loan Repayment
Jason Delisle; Jason Cohn – Urban Institute, 2024
Policymakers and the public are increasingly concerned about the payoff students and taxpayers receive from government subsidies for postsecondary education. This concern has led advocates and policymakers to call for stronger quality assurance policies for colleges and universities. Past efforts to enact quality assurance policies have focused on…
Descriptors: Measurement, Income, Intellectual Disciplines, Majors (Students)
Jason Cohn – Urban Institute, 2024
Recent higher education accountability policies and proposals have often linked programs' or institutions' federal aid access to students' postcompletion earnings. But proposals differ regarding when to measure earnings. Policymakers may want to know how fast earnings typically grow and when in an individual's career earnings growth rates change.…
Descriptors: College Graduates, Education Work Relationship, Income, Wages
Jason Delisle; Jason Cohn – Urban Institute, 2023
The Biden administration is pursuing two higher education policies through a series of rulemaking processes that aim to make higher education more affordable and less risky for students. One policy focuses on the system's back end by helping students repay their loans, and the other focuses on the front end by cutting off access to federal aid for…
Descriptors: Educational Policy, Standards, Higher Education, Loan Repayment