Brian Schatz (D-HI)

Debt-Free College Act of 2026

S. 5403 · Senate bill Education

A Democratic bill with 9 Democratic cosponsors · See all 9 cosponsors

Last activity — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill establishes State-Federal partnerships to help students attend in-state public colleges without debt. It provides federal grant funding to states that commit to covering students' unmet financial needs. The legislation also creates a debt-free college grant program specifically for Historically Black Colleges and Universities (HBCUs) and Minority-Serving Institutions (MSIs). Additionally, the bill expands federal financial aid eligibility to include DREAMer students who meet specific criteria. Finally, it sets rules for keeping states and institutions accountable, capping tuition, and maintaining existing funding levels.

Yes· 3 of 19

  • Scored +9

    Would students be better off under this?

    Students across participating public institutions and MSIs gain access to debt-free education, tuition caps, and student success services.

  • Scored +9

    Does this make college cost less?

    The legislation establishes debt-free college partnerships and caps tuition increases tied to the Consumer Price Index.

  • Scored +8

    Would people in their twenties and thirties be better off under this?

    Young adults pursuing higher education benefit directly from debt-free college initiatives and expanded Pell Grant eligibility.

The opposite

  • Scored -5

    Does this reduce what the federal government spends?

    The bill authorizes significant new federal spending through grants for state partnerships and Minority-Serving Institutions.

  • Scored -3

    Does this make the government pay for what it commits to?

    The legislation commits substantial federal funds without corresponding revenue offsets or spending reductions elsewhere.