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.
Accountability in Student Loan Data Act
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.
Placed on the Union Calendar, Calendar No. 583.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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