3.0.0 2471 2022-11-01T13:50:02Z 2022-11-01T13:50:02Z Senate S 2019-09-12 116 ssfi00 Finance Committee Senate Standing Referred to 2019-09-12T18:00:15Z Degrees Not Debt Act of 2019 116 4638 HR 2019-10-11 Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Identical bill CRS 2019-09-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-09-12 Introduced in Senate IntroReferral 10000 9 Library of Congress H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. N Education Administrative remedies Government lending and loan guarantees Higher education Performance measurement Student aid and college costs Education 00 2019-09-12 Introduced in Senate 2020-06-22T11:29:08Z 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).

]]> Degrees Not Debt Act of 2019 Display Title Degrees Not Debt Act of 2019 Short Title(s) as Introduced Degrees Not Debt Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to give middle-class families access to the maximum Federal Pell Grant, to increase college transparency, and State maintenance of efforts, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-09-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2471is/xml/BILLS-116s2471is.xml 2019-09-12 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.