The LOAN Act amends the Higher Education Act of 1965 to double Pell Grant awards, improve the Public Service Loan Forgiveness program, and reduce.
The LOAN Act amends the Higher Education Act of 1965 to double the Pell Grant award amount, improve the Public Service Loan Forgiveness program, and reduce interest rates on new federal student loans. Key provisions include doubling the maximum Federal Pell Grant award, establishing a new income-contingent repayment plan, and setting fixed interest rates for new federal student loans.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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