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@EdWorkforceCmte Advances Bill to Lower Cost of College

WASHINGTON – Tonight, the Education and the Workforce Committee passed H.R. 6951, the College Cost Reduction Act, a landmark bill that will lower college costs for students and families. 

On the passage of the bill, Chairwoman Foxx said: “The College Cost Reduction Act will provide much needed relief for countless students and families who have been continually charged exorbitant tuition for degrees without worthwhile economic benefit. It’s the first bill in many years that implements substantive reforms to postsecondary education in the form of increased transparency, accountability, and most importantly, affordability. Students and families deserve better than the current dysfunctional postsecondary system and the passage of this bill through the Committee is an important step towards meaningful change.” 

H.R. 6951, the College Cost Reduction Act:  
  • Ensures information about costs and return on investment is clear, accessible, and personalized for prospective students and families.
  • Holds institutions financially responsible for overpriced degrees that leave students with unaffordable debt. 
  • Funds colleges based on student outcomes and lifts excessive regulations that further increase costs to families.  
Full video of the markup can be found here.  

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