Degrees Not Debt Act of 2019

Summary

Degrees Not Debt Act of 2019 This bill sets forth provisions to increase the availability of need-based federal student aid and require an institution of higher education (IHE) to disclose performance indicators. The bill repeals the alternative minimum tax exemption and the increased estate and gift tax exemption and uses the tax revenue to increase need-based federal student aid. Specifically, the bill increases (1) the maximum amount of the federal Pell Grant, and (2) the income threshold that triggers an automatic zero for an expected family contribution. In addition, the bill eliminates Pell Grant funding for an institution of higher education in a state that does not maintain its funding levels for IHEs. Finally, an IHE must disclose performance indicators (e.g., graduation rates and employment outcomes).

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 12 September 2019

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 12 September 2019

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• Introduced in Senate

  summary · EN · 12 September 2019

  Open at official source

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