FOR IMMEDIATE RELEASE
Contact: Allie Arcese
Sr. Director, Strategic Communications
[email protected]

WASHINGTON, D.C., JUNE 11, 2025 — The Senate late on Tuesday released its reconciliation proposal, which eliminated several troubling provisions included in the version passed last month by the House of Representatives, such as major changes to the need analysis formula, Pell Grant eligibility, and student loan programs. 

In response to this news, NASFAA President & CEO Melanie Storey released the following statement:

“We are relieved and grateful that the Senate rejected some of the most harmful provisions from the House-passed bill that would have limited opportunity and access for low-income students pursuing a college education. 

Still, there are several concerning aspects of this bill that would ultimately make college less affordable for students, such as the elimination of the Grad PLUS loan program, the elimination of deferment options for student loan borrowers facing economic hardship or unemployment, and new limits imposed on the Parent PLUS loan program that may drive borrowers to riskier private loans, which are not available to all borrowers. 

At its core, the Higher Education Act reflects a promise that no student should be denied a college education because of cost. It stands as a reminder that investing in financial aid is investing in the potential of every student to shape a better future for themselves and their communities. We urge Congress to hold that promise close as they take the next steps in finalizing this legislation.”

NASFAA policy experts are available to speak to members of the media about the reconciliation process and its impact on student financial aid. To set up an interview, please email [email protected].

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About NASFAA

The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents more than 29,000 financial aid professionals at approximately 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every 10 undergraduates in the U.S. Based in Washington, D.C., NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators.