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H.R. 2743

85/15 Rule Act

85/15 Rule Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require proprietary institutions of higher education to derive at least 15% (currently 10%) of their revenue from non-federal sources or risk becoming ineligible for title IV funding.

Referred to the House Committee on Education and the Workforce.

Rep. Waters, Maxine [D-CA-43](D-CA)Sponsor
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85/15 Rule Act — Informed