Chair of the House Education Committee, Rep. Virginia Foxx (R-N.C.), introduced a bill that aims to lower the cost of college and reform the student loans process.
The legislation aims to tighten college foreign gift reporting requirements under Section 117 of the Higher Education Act.
The House Education and Workforce Committee is examining a piecemeal approach as the vehicle to update this legislation.
A committee of 14 stakeholders will kick off discussions about student loan forgiveness on October 10.
The Biden administration recently awarded more than $40 million to HSIs to support Hispanic and Latinx students and the institutions preparing them for the future.
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