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S. 4269119th CongressIn committeeLatest action Mar 26, 2026Decoded by AI · checked against the record
Official title: Restoring College Access and Affordability Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
This bill would reverse 2025 cuts to federal student loans, repayment options, and Pell Grants, and restore protections for borrowers.
60-second read · 4 questions answered below
This bill would undo changes made by a 2025 budget law to federal student aid, bringing back earlier rules for borrowing limits, repayment plans, deferment, Public Service Loan Forgiveness, and Pell Grant eligibility. It would also restore two borrower protections that were delayed — one letting students cancel loans if their school misled them, and one allowing automatic loan discharge if their school closed. The bill also applies an existing rule more broadly, requiring that educational programs across certificate, associate's, bachelor's, and graduate levels show their graduates earn enough to repay their loans, and it sets the endowment tax on wealthy private universities at a flat 1.4 percent rate.
Current and future college students who rely on federal financial assistance would be affected, including those seeking loan forgiveness through public service work. Graduates of educational programs and wealthy private universities would also be affected by parts of this bill.
If passed, students would have access to the same borrowing limits, repayment options, and grant rules that existed before the 2025 changes. Educational programs that do not meet the earnings standard could lose access to federal financial aid for their students.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Finance.