Bill > HR4206

This bill amends the Higher Education Act of 1965 to establish requirements for "programs of training to prepare students for gainful employment in a recognized occupation" (referred to as "training programs") to be eligible for federal student aid funds under Title IV. The key provisions include: 1) The Department of Education (ED) must establish performance metrics, including a debt-to-earnings rate, and a disclosure template that training programs must meet and use to provide information to enrolled and prospective students. 2) ED must annually calculate the performance metrics for each training program, determine whether the program meets the requirements, and impose applicable sanctions (such as loss of Title IV eligibility) on programs that do not meet the standards. 3) The bill prohibits training programs that are substantially similar to ones that previously failed to meet the performance metrics from receiving Title IV funds. The goal of the bill is to protect students and taxpayers by ensuring training programs that receive federal student aid are providing quality education and career outcomes.

Education

https://www.congress.gov/bill/116th-congress/house-bill/4206/all-info