What does Preamble of Restoring College Access and Affordability Act do?

This bill is formally titled 'A bill to repeal certain student loan provisions, and for other purposes.'

What does SHORT TITLE. of Restoring College Access and Affordability Act do?

This bill is formally titled the Restoring College Access and Affordability Act.

What does LOAN LIMITS. of Restoring College Access and Affordability Act do?

This section repeals Section 81001 of the Act titled ``An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14'' (Public Law 119-21; 139 Stat. 72).

What does LOAN REPAYMENT. of Restoring College Access and Affordability Act do?

This section repeals sections 82001, 82002, and 82004 of the Act titled 'An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14' (Public Law 119-21; 139 Stat. 72). The repeal applies to laws and regulations referenced within the repealed sections. Following the repeal, these laws and regulations are to be applied as if the repealed sections and their amendments had never been enacted.

What does PELL GRANTS. of Restoring College Access and Affordability Act do?

This section repeals sections 83001 and 83004 of the Act titled ``An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14'' (Public Law 119-21; 139 Stat. 72). The repeal applies to any laws or regulations referred to in the repealed sections. Following the repeal, these laws and regulations are to be applied as if the repealed sections and their amendments had not been enacted.

What does INELIGIBILITY BASED ON LOW EARNING OUTCOMES. of Restoring College Access and Affordability Act do?

This section amends Section 454(c) of the Higher Education Act of 1965. The amendments introduce the term 'covered educational program' which includes programs leading to certificates, associate's degrees, bachelor's degrees, graduate degrees, professional degrees, or graduate certificates. The definition of 'covered educational program' specifies programs that prepare students for gainful employment or award degrees. The text modifies several paragraphs (1) through (7) within Section 454(c) to replace instances of 'an educational program' with 'a covered educational program'. Paragraph (1)(B) defines 'covered educational program' as an eligible program under the title that meets specific criteria related to degree or credential awards.

What does REGULATORY RELIEF. of Restoring College Access and Affordability Act do?

This section repeals Section 85001 of Public Law 119-21. This section directs that any law or regulation referred to in Section 85001 of Public Law 119-21 shall be applied as if that section and its amendments had not been enacted. This section also repeals Section 85002 of Public Law 119-21. Similarly, this section directs that any law or regulation referred to in Section 85002 of Public Law 119-21 shall be applied as if that section and its amendments had not been enacted.

What does MODIFICATION OF EXCISE TAX ON ENDOWMENT INCOME OF PRIVATE of Restoring College Access and Affordability Act do?

This section modifies the excise tax on endowment income of private colleges and universities. It amends section 4968 of the Internal Revenue Code of 1986 by changing 'the applicable percentage' to '1.4 percent'. Several subsections of section 4968 and section 6033 are redesignated and amended to reflect the changes to section 4968. The amendments apply to taxable years beginning after December 31, 2025.

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Restoring College Access and Affordability Act

Last updated: 3/26/2026 · Introduced: 3/26/2026

Author: Richard Blumenthal (D-CT)

TL;DR (AI)

This bill repeals specific student loan provisions enacted in Public Law 119-21, effectively nullifying their impact and restoring prior regulations.
The bill revises eligibility criteria for financial aid by redefining 'educational program' as 'covered educational program,' encompassing various degree and certificate programs focused on gainful employment.
This legislation modifies the excise tax on endowment income for private colleges and universities, reducing the applicable percentage to 1.4 percent for taxable years beginning after 2025.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 6 more.

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