College for All Act

Summary

College for All Act This bill directs the Department of Education (ED) to award grants to states to eliminate tuition and required fees at public 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, 2015; allow student loan borrowers to modify interest rates on outstanding federal student loans to current rates; reauthorize the Federal Work Study program for FY2016-FY2020; eliminate existing base guarantees of Federal Work Study funds to IHEs and require funds to be allocated based solely on the aggregate need of the institution’s students; authorize ED to establish a pilot program to streamline the federal financial assistance application process and reduce the need for students to apply for financial assistance each year; and require ED to use tax information from the second preceding tax year (the “prior, prior year”) to determine a student’s financial aid eligibility. Inclusive Prosperity Act of 2015 To offset the cost, this bill amends the Internal Revenue Code to impose a transaction tax on certain securities transfers. An individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) is eligible for a tax credit for the amount of tax paid on covered transactions.

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Timeline

1. 19 May 2015

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 19 May 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 19 May 2015 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 19 May 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 19 May 2015

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 19 May 2015

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Sanders, Bernard [I-VT] · I · Sponsor
• · ssfi00 · Standing

Related records

• related to → Inclusive Prosperity Act of 2015
• related to → Inclusive Prosperity Act of 2015
• related to ← College for All Act