College Access and Affordability Act

H.R. 2815, the College Access and Affordability Act, proposes to lower the cost of higher education by expanding tax credits and offering student loan forgiveness for specific public service careers. The bill would increase the maximum Hope Scholarship Credit to $4,000, allow it to be claimed for four years instead of two, and raise the income limits so more middle-class families qualify for the tax break. Additionally, the legislation would provide up to $20,000 in student loan forgiveness for individuals working in high-need professions—such as math and science teachers, nurses, and first responders—who serve low-income communities.