summary
Introduced
05/25/2017
05/25/2017
In Committee
05/25/2017
05/25/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
85/15 Rule Act
AI Summary
This bill, the 85/15 Rule Act, would amend the Higher Education Act of 1965 to require proprietary institutions of higher education (for-profit colleges) to derive at least 15% of their revenue from sources other than federal student aid funds provided under Title IV of the Act. The current requirement is 10%, so this bill would increase the minimum amount of non-federal revenue these institutions must have. The changes would take effect starting with the 2018-2019 academic year.
Committee Categories
Education
Sponsors (1)
Last Action
Referred to the House Committee on Education and the Workforce. (on 05/25/2017)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/2743/all-info |
| BillText | https://www.congress.gov/115/bills/hr2743/BILLS-115hr2743ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr2743/BILLS-115hr2743ih.pdf.pdf |
Loading...