The College Cost Reduction and Access Act

The College Cost Reduction and Access Act is a law enacted in 2007 to make higher education more affordable and accessible. It reduces the amount students and families pay for college by increasing federal financial aid, expanding grants, and lowering interest rates on student loans. The act also aims to improve college transparency and accountability, encouraging schools to provide better value and support for students. Overall, it seeks to help more people afford college and reduce the financial burden of higher education.