The College for All Act of 2023, also known as Bill 118 hr 4117, is a piece of legislation introduced in the US Congress with the goal of making higher education more accessible and affordable for all Americans. The bill aims to eliminate tuition and fees at public colleges and universities for families earning up to $125,000 per year, as well as making community college tuition-free for all students.
In addition to making college more affordable, the College for All Act also includes provisions to increase funding for historically black colleges and universities (HBCUs) and minority-serving institutions, as well as investing in programs to support students from low-income backgrounds and students with disabilities. The bill also aims to reduce student loan debt by allowing borrowers to refinance their loans at lower interest rates and expanding loan forgiveness programs for public service workers.
Overall, the College for All Act of 2023 seeks to address the rising cost of higher education and ensure that all Americans have the opportunity to pursue a college degree without facing financial barriers. The bill has garnered support from lawmakers who believe that investing in education is essential for the future success of the country and its citizens.