College Cost Reduction and Access Act

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The College Cost Reduction and Access Act is a U.S. federal law that significantly expanded student financial aid and created income-based repayment options to make higher education more affordable.

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Label Occurrences
College Cost Reduction and Access Act canonical 1

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Statements (46)

Predicate Object
instanceOf United States federal law
education finance law
affectsProgram Federal Direct Student Loan Program
surface form: Direct Loan Program

Federal Family Education Loan Program
Federal Pell Grant Program
surface form: Pell Grant program
alsoKnownAs Public Law 110-84
surface form: P.L. 110-84
amends Higher Education Act of 1965
branchOfGovernment legislative
codifiedIn Title 20 of the United States Code
country United States of America
surface form: United States
createsProgram Income-Based Repayment
Public Service Loan Forgiveness
TEACH Grant Program
surface form: Teacher Education Assistance for College and Higher Education Grant
dateSigned 2007-09-27
effect created loan forgiveness for qualifying public service employment
established income-based repayment formula for federal student loans
increased maximum Pell Grant awards
provided new grants for teachers in high-need fields and schools
reduced federal subsidies to private student loan lenders
enactedBy United States Congress
goal to improve access to postsecondary education for low- and middle-income students
to make higher education more affordable
jurisdiction United States government
surface form: United States federal government
policyArea education policy
financial aid policy
student loan policy
publicLawNumber Public Law 110-84
purpose to create income-based repayment options
to expand federal student aid
to increase college affordability
to reduce student loan burden
shortName CCRAA
TEACH Grant Program
surface form: TEACH Grant program
signedBy George W. Bush
signingPresident George W. Bush
status in force
subject Public Service Loan Forgiveness
higher education financing
income-based repayment
student financial aid
student loan repayment
targetPopulation college students
federal student loan borrowers
public service employees
teachers in high-need schools
yearEnacted 2007

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

110th United States Congress passedAct College Cost Reduction and Access Act