Student Loans
Latest
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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...
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Chartbook: The Fiscal Cost of Income-Driven Repayment (IDR)
Read moreThe Biden Administration recently finalized a rule to significantly expand student loan Income-Driven Repayment (IDR) plan. Although the Supreme Court...
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CRFB Reaction to Supreme Court Student Debt Cancellation Ruling
Read moreThe Supreme Court ruled today that the Administration’s student debt cancellation plan is illegal and will not be allowed to go forward. The following...
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Senators Introduce Thoughtful Higher Education Package
Read moreMembers of the Senate HELP Committee, led by Ranking Member Bill Cassidy (R-LA), along with Chuck Grassley (R-IA), John Cornyn (R-TX), Tim Scott (R-SC...
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Marc Goldwein on CNBC's "Squawk Box"
Read moreCommittee for a Responsible Federal Budget senior policy director Marc Goldwein recently joined CNBC's "Squawk Box" to discuss the latest on the...
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Student Debt Cancellation Should Be Repealed
Read moreThe House of Representatives will vote today on a joint resolution disapproving the President’s August 2022 student loan cancellation plan and...