Policy Impact Analysis - 117/S/5126

Bill Overview

Title: ED ACCESS Act of 2022

Description: This bill repeals the prohibition against granting the American Opportunity Tax Credit to students with federal or state felony drug convictions.

Sponsors: Sen. Van Hollen, Chris [D-MD]

Target Audience

Population: Students with federal or state felony drug convictions seeking higher education

Estimated Size: 50000

Reasoning

Simulated Interviews

Part-time retail worker and student (Los Angeles, CA)

Age: 22 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 4.0 years

Commonness: 3/20

Statement of Opinion:

  • The policy could offer significant help since I'm balancing work and school with limited resources.
  • Access to the tax credit might enable me to attend classes full-time.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 8 6
Year 10 8 6
Year 20 8 6

Full-time job at a non-profit (Atlanta, GA)

Age: 30 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 2.0 years

Commonness: 4/20

Statement of Opinion:

  • Finally, I can afford to pursue a master's degree without being financially crippled.
  • This makes higher education more accessible despite my past.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 7 6
Year 5 7 6
Year 10 7 6
Year 20 7 6

Unemployed (Chicago, IL)

Age: 25 | Gender: male

Wellbeing Before Policy: 4

Duration of Impact: 5.0 years

Commonness: 2/20

Statement of Opinion:

  • The policy gives people like me a second chance at building a better future.
  • I'd like to use this opportunity to get into a tech program.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 4
Year 2 7 4
Year 3 8 4
Year 5 8 5
Year 10 8 5
Year 20 8 5

Hospitality worker (New York, NY)

Age: 27 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 3.0 years

Commonness: 4/20

Statement of Opinion:

  • I've been balancing several jobs; this could provide some relief.
  • Education is expensive without support.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 7 5
Year 5 7 5
Year 10 7 5
Year 20 7 5

Freelancer (Phoenix, AZ)

Age: 34 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 2.0 years

Commonness: 3/20

Statement of Opinion:

  • My main challenge has been access to funds for courses.
  • This opportunity could help me manage better.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 6 5
Year 20 6 5

Student (Miami, FL)

Age: 23 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 4.0 years

Commonness: 3/20

Statement of Opinion:

  • College feels more attainable with this policy change.
  • Financial barriers have been a major hurdle.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 8 6
Year 10 8 6
Year 20 8 6

Construction worker (Boston, MA)

Age: 29 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 3.0 years

Commonness: 4/20

Statement of Opinion:

  • The tax credit could reduce financial stress significantly.
  • I've been getting by, but I'm eager to learn new skills.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 7 5
Year 5 7 5
Year 10 7 5
Year 20 7 5

Barista (Austin, TX)

Age: 21 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 2/20

Statement of Opinion:

  • This change gives hope for better education funding.
  • I've been trying to save money for school, but it's been tough.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 8 6
Year 10 8 6
Year 20 8 6

Part-time student and artist (Detroit, MI)

Age: 26 | Gender: other

Wellbeing Before Policy: 5

Duration of Impact: 3.0 years

Commonness: 3/20

Statement of Opinion:

  • The act could really help balance costs while I'm studying.
  • Art supplies and tuition have been a lot without aid.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 7 5
Year 5 7 5
Year 10 7 5
Year 20 7 5

Student (Seattle, WA)

Age: 18 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 4.0 years

Commonness: 2/20

Statement of Opinion:

  • This policy change opens a path for my education from the start.
  • I worry less about fitting education into my budget now.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 5
Year 2 8 5
Year 3 8 5
Year 5 8 5
Year 10 8 5
Year 20 8 5

Cost Estimates

Year 1: $75000000 (Low: $50000000, High: $100000000)

Year 2: $76000000 (Low: $51000000, High: $101000000)

Year 3: $77000000 (Low: $52000000, High: $102000000)

Year 5: $79000000 (Low: $53000000, High: $104000000)

Year 10: $83000000 (Low: $57000000, High: $108000000)

Year 100: $100000000 (Low: $75000000, High: $125000000)

Key Considerations