Bill > HR9004

This bill, the Protecting Our Students and Taxpayers Act of 2024 (POST Act of 2024), amends the Higher Education Act of 1965 to require proprietary institutions of higher education to derive at least 15% of their revenue from sources other than federal education assistance funds. It defines "federal education assistance funds" and provides specific requirements for how institutions must calculate their revenue sources, including rules around alternative financing arrangements and institutional scholarships. The bill also repeals existing provisions related to the 90/10 rule and makes conforming amendments to other sections of the Higher Education Act. The amendments made by this bill would take effect on July 1, 2025.