Student Protection and Success Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Dec 14, 2017)
Student Protection and Success Act
This bill amends the Higher Education Act of 1965 to make an institution of higher education (IHE) ineligible for federal student financial aid programs for two fiscal years if a certain percentage of its students are not able to start repaying the principal of their loans by specified deadlines.
The Department of Education must award grants to IHEs that have a strong record of supporting low- and moderate-income students. The bill funds the grants by requiring IHEs with certain nonrepayment loan balances to make risk-sharing payments. Grants may be used to increase college access and success for the students using investments and practices such as: awarding additional need-based financial aid, enhancing academic and student support services, and accelerated learning opportunities.
What just happenedDec 14, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
- Introduced in SenateDec 14, 2017
- Dec 14, 2017IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - Dec 14, 2017IntroReferral10000
Introduced in Senate