A bill to require that all institutions of higher education participating in student financial assistance programs under title IV of the Higher Education Act of 1965 meet certain revenue requirements.
90/10 Accountability for All Act
This bill expands revenue requirements currently applicable only to proprietary (i.e., for-profit) institutions of higher education (IHEs) to all IHEs.
Under current law, proprietary IHEs may not receive more than 90% of their revenue from federally funded student aid (known as the 90/10 rule). The bill applies this rule to all IHEs.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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