Student Loans
Latest
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Lawsuit Alleges Department of Education May Imminently Cancel Student Debt
Read moreAccording to a complaint filed by a coalition of state attorneys general (AGs) led by Missouri, the Department of Education is preparing student loan...
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Student Borrowers Deserve Solutions, Not More Legal Battles
Read moreLast week, the Department of Education announced it will take the “next step toward additional debt relief” for student loan borrowers. In particular...
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Pell Grant Shortfall Remains a Threat
Read morePell Grant costs will exceed new funding over the next decade, based on the latest Congressional Budget Office (CBO) baseline, depleting nearly all...
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Comments on Proposed Rule to Waive Student Debt
Read moreOn May 17, Committee for a Responsible Federal Budget's Senior Vice President and Senior Policy Director Marc Goldwein submitted comments on the...
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How Much Would Student Loan “Hardship” Provision Cost?
Read moreWe recently estimated the President’s new student debt cancellation plan would cost between $250 billion and $750 billion over a decade, and have...
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The Total Cost of Student Debt Cancellation
Read moreIncluding the Biden Administration’s new student debt cancellation plan, we estimate all recent student debt cancellation policies will cost a...
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Student Debt Plan Would Add Hundreds of Billions to Deficit
Read moreThe Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this...
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CRFB Reacts to President Biden’s Student Loan Plan
Read morePresident Biden today announced a new student debt cancellation plan. Specifically, the plan would cancel up to $20,000 of accrued interest for...
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Student Debt Cancellation Resources Page
Read moreOverview Student debt cancellation has gained attention in recent years as a policy proposal to address rising student debt levels in the United...
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College Cost Reduction Act Could Save $150 Billion, Lower Tuitions
Read moreUPDATE: On May 10, 2024, the Congressional Budget Office estimated the College Cost Reduction Act would save $185 billion over a decade, including...
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Congress Just Prevented Pell Costs from Exploding
Read moreThe cost of the Pell Grant program already exceeds its funding. A recently announced change from the Department of Education, made due to an error in...
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Pell Grants Face a Big Shortfall
Read moreThe Pell Grant program helps low-income students to fund their education by offering them up to $7,395 per year to fund tuition and other expenses...