Summary of Bill S 2634
The ASCEND Act, also known as Bill 118 s 2634, is a piece of legislation currently being considered in the US Congress. The purpose of this bill is to address the issue of student loan debt and make higher education more accessible and affordable for all Americans.
The ASCEND Act proposes several key provisions to achieve these goals. Firstly, it aims to simplify the Free Application for Federal Student Aid (FAFSA) process, making it easier for students to apply for financial aid. This would help ensure that more students are able to receive the assistance they need to attend college.
Additionally, the bill includes measures to increase transparency in the student loan process, such as requiring colleges to provide students with clear information about the cost of attendance and the potential financial aid available to them. This would help students make more informed decisions about their education and finances.
Furthermore, the ASCEND Act seeks to expand access to Pell Grants, which provide need-based financial aid to low-income students. The bill proposes increasing the maximum Pell Grant award and making it available to more students, helping to reduce the financial burden of higher education for those who need it most.
Overall, the ASCEND Act is aimed at making higher education more affordable and accessible for all Americans, particularly those from low-income backgrounds. By simplifying the financial aid process, increasing transparency, and expanding access to Pell Grants, this bill has the potential to make a significant impact on the lives of students across the country.