Access and Equity in Higher Education Act

H.R. 1293, the Access and Equity in Higher Education Act, proposes several changes to federal student aid programs to make college more affordable and debt more manageable. The bill would increase the maximum limits for federal student loans, reduce or eliminate loan origination fees, and introduce income-sensitive repayment plans to ensure monthly payments remain proportional to a borrower's earnings. Additionally, it establishes loan forgiveness for individuals working in public service and extends federal funding for Historically Black Colleges and Universities (HBCUs) through 2010.