summary
Introduced
10/11/2019
10/11/2019
In Committee
10/11/2019
10/11/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Higher Education Act of 1965 to require that institutions of higher education maintain certain adjusted cohort default rates to participate in programs under title IV of such Act, and for other purposes. This bill revises the method for calculating a cohort default rate (the measurement of how many borrowers default on their federal student loans within a certain time period), and it establishes penalties for institutions of higher education that have a certain percentage of graduates who default on their student loans.
AI Summary
This bill revises the method for calculating a cohort default rate (the measurement of how many borrowers default on their federal student loans within a certain time period), and it establishes penalties for institutions of higher education that have a certain percentage of graduates who default on their student loans. The bill requires institutions to maintain certain adjusted cohort default rates to participate in federal student aid programs. It also provides grants and technical assistance to certain institutions that are determined to be in "progress period status" due to having high adjusted cohort default rates, in order to help improve student achievement at those institutions.
Committee Categories
Education
Sponsors (2)
Last Action
Referred to the House Committee on Education and Labor. (on 10/11/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/4662/all-info |
| BillText | https://www.congress.gov/116/bills/hr4662/BILLS-116hr4662ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr4662/BILLS-116hr4662ih.pdf.pdf |
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