FREE Act

The FREE Act, also known as Bill 118 hr 8784, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address issues related to the cost of higher education in the United States.

The FREE Act aims to make college more affordable for students by providing federal funding to cover the cost of tuition and fees at public colleges and universities. This funding would be available to students from families with an annual income of $125,000 or less. Additionally, the bill includes provisions to increase funding for Pell Grants, which provide financial assistance to low-income students.

In addition to addressing the cost of tuition, the FREE Act also aims to reduce the burden of student loan debt. The bill includes provisions to allow borrowers to refinance their student loans at lower interest rates and to provide loan forgiveness for public service workers. Overall, the FREE Act is designed to make higher education more accessible and affordable for all students, regardless of their financial background. It is currently being debated in Congress, and its future remains uncertain.