Emergency Student Aid Grants Will Not Be Taxed; House Bill Would Give Additional Relief to Students and Families May 11, 2020 Section 1 Content The IRS announced last week that CARES Act emergency student financial aid grants will not be taxable. In an FAQ posted on its website, the agency said CARES Act grants are “qualified disaster relief payments under section 139 of the Internal Revenue Code” and should not be included as part of gross income. ACE sent a letter April 21 asking House and Senate leaders to address this issue. ACE, along with 15 other associations, is also strongly endorsing a new bill introduced by Rep. Lloyd Doggett (D-TX) to help students during the COVID-19 crisis and make important temporary changes and permanent reforms to the American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit (LLC). The American Opportunity Student Tax Relief Act of 2020 would temporarily increase the AOTC to $3,000 and make it easier for students in lower-tuition programs to get the full $2,000 under the LLC. For the long term, the bill would consolidate the AOTC and LLC into one simplified, permanent AOTC that will provide up to $2,500 per year in tax relief for students and their families, along with other changes that would make college more affordable for low- and middle-income students.“We strongly support the goals of this bill to provide temporary pandemic relief to students and to simplify the current higher education tax credits which are overly complex and difficult for students and their families to correctly use,” the groups wrote. Section 2 Content Section 3 Content Section 4 Content Section 5 Content Section 6 Content Button Content Rail Content 1COVID-19 Policy DevelopmentsLearn more about the higher education association effort to urge Congress and the administration to craft a comprehensive response that addresses the challenges students and campuses are facing. Read more Rail Content 2 Rail Content 3 Related Podcast November 21, 2022 Terry Hartle and Jon Fansmith talk about what the midterm elections mean for higher education policy in the lame-duck session and beyond. Read More Podcast November 21, 2022 Midterm Election Aftermath News November 4, 2022 The Department of Education released final regulations on targeted student debt relief programs on Oct. 31, hitting the Nov. 1 deadline to meet an implementation date of July 1, 2023. Read More News November 4, 2022 Education Department Issues Final Rules on Student Debt Relief, Other Programs Podcast October 13, 2022 Nasser Paydar, assistant secretary for postsecondary education at the Department of Education, joins the hosts to talk about what the department is doing to improve access and affordability for college students. Read More Podcast October 13, 2022 Nasser Paydar Talks Mental Health, Student Debt Relief, and Other Priorities for the Education Dept. Podcast September 29, 2022 Jon Fansmith and Terry Hartle are back to give their predictions for what Congress will dive into this fall before they adjourn ahead of midterm elections, including a continuing resolution to fund the government through the end of the year. Read More Podcast September 29, 2022 Higher Ed Policy Predictions for the Fall Podcast September 15, 2022 Justin Draeger, president and CEO of the NASFAA, helps break down what the Biden administration's student loan forgiveness plan means for borrowers, institutions, parents, and the higher ed community as a whole. Read More Podcast September 15, 2022 Breaking Down Biden's Student Loan Forgiveness Plan News August 31, 2022 The student loan repayment pause has made data measuring the share of borrowers who default on their debts nearly meaningless. Federal policymakers and institutions need new ways to measure how well borrowers are prepared for success in the labor market. Read More News August 31, 2022 Measuring Student Loan Default Today Statement August 24, 2022 President Biden’s decision to cancel student loan debt for millions of borrowers is the right move at the right time, but to avoid forcing current and future students into the same debt morass, we must modernize the federal student loan program. Read More Statement August 24, 2022 Statement by ACE President Ted Mitchell on President Biden’s Student Loan Debt Forgiveness Announcement News August 19, 2022 With the fall semester about to begin, the Biden administration is getting the word out to campuses on two key topics: Preparing for the latest phase of COVID-19 and the new challenge of monkeypox, and taking advantage of changes to PSLF ahead of Oct. 31. Read More News August 19, 2022 Back to School Prep: Monkeypox, COVID, Public Service Loan Forgiveness for Your Campus News August 15, 2022 ACE and 23 other higher ed groups submitted comments to the Education Department on draft rules to enhance protections for defrauded borrowers, improve Public Service Loan Forgiveness, and make other revisions to student loan discharge regulations. Read More News August 15, 2022 ACE, Associations Offer Recommendations for Final Student Loan Forgiveness Regulations Video July 12, 2022 ACE and the Department of Education partnered to host a webinar on July 12 that will help campus leaders learn more about the temporary changes to the Public Service Loan Forgiveness program. Read More Video July 12, 2022 How the PSLF Waiver Can Help Your Campus News July 5, 2022 The House Appropriations Committee voted 32-24 June 30 to approve the FY 2023 spending bill for the departments of Labor, Health and Human Services, Education, and Related Agencies. Read More News July 5, 2022 House Labor-HHS-Education Spending Bill Increases Pell Grant by $500, Allows Dreamers to Access Federal Student Aid Workshop May 18 to June 29, 2022 Learn about best practices from the field for sustainable business models. Participants will create action plans to support return on investment (ROI) approaches at their own institutions. Read More Workshop May 18 to June 29, 2022 Creating Sustainable Business Models for the Post-Pandemic Campus News June 29, 2022 ACE is partnering with the Department of Education for a one-hour webinar on July 12 that will help attendees learn more about the temporary changes to the PSLF program and how those changes will help more people have their student loans forgiven. Read More News June 29, 2022 WEBINAR: How the PSLF Waiver Can Help Your Campus News June 23, 2022 The new number—akin to 911—will be operated through the existing National Suicide Prevention Lifeline network of over 200 locally run and funded crisis centers across the country. Read More News June 23, 2022 Federal 988 Suicide and Crisis Lifeline Launches July 16 Podcast June 2, 2022 With the midterm elections looming, what are voters thinking about the value of college? Kristen Soltis Anderson joins the podcast to talk about the American public's perception of higher education. Read More Podcast June 2, 2022 Do Americans Value Higher Education? Podcast May 19, 2022 Almost everyone has an opinion about student loan forgiveness. But it's often more complicated than many think. Jon Fansmith and Terry Hartle look at what might happen in the coming months. Read More Podcast May 19, 2022 The Policy and Politics of Student Loan Forgiveness News May 18, 2022 Undergraduate student borrowing patterns are similar across sectors, an indicator that higher education is trying to minimize undergraduate debt. Graduate student borrowing data, however, offer a note of caution. Read More News May 18, 2022 Who Is Borrowing for College? Webinar May 16, 2022 Join ACE’s Terry W. Hartle and Jon Fansmith on May 16 to discuss the policy and politics of President Biden’s new student loan forgiveness initiatives as we move deeper into the campaign season. (Recording available.) Read More Webinar May 16, 2022 Public Policy Pop-Up: The Policy and Politics of Student Loan Forgiveness News April 25, 2022 Members of the Student Aid Alliance sent a letter April 19 to House and Senate education appropriators, asking them to continue their commitment of “strong bipartisan support for federal student aid” as the FY 2023 appropriations process begins. Read More News April 25, 2022 Student Aid Alliance Urges Congress to Continue Supporting Student Aid Programs, Double Pell Grants Podcast April 21, 2022 Congress comes back to DC next week to a full agenda and an attention span increasingly absorbed by the midterm elections. What’s in store for higher education? Read More Podcast April 21, 2022 The Higher Ed Agenda as Congress Returns From Spring Break Podcast April 7, 2022 Guest host Stephanie Giesecke from NAICU joins the podcast to talk about the Biden budget for the upcoming fiscal year and the prospects for increasing funding for Pell Grants. Read More Podcast April 7, 2022 dotEDU Brief: Student Loan Repayment on Pause (Again); Is Double Pell in the Cards?