To amend the Higher Education Act of 1965 to include court-ordered receivership in the list of actions resulting in a change of ownership of institutions of higher education.
Student Protection Act
This bill expands the list of actions that may result in the change of control of an institution of higher education (IHE) to include a court-ordered receivership.
Such changes of control disqualify an IHE from participating in certain federal student financial aid programs unless the IHE establishes that it meets specific requirements following the change in control.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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