HR 4026 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill changes the rules for for-profit colleges that receive federal student aid money. Right now, these colleges must get at least 10% of their revenue from sources other than federal education funds, but this bill raises that requirement to 15%. The bill also updates how revenue is calculated under this new rule. If a for-profit college fails to meet the new 15% requirement in even a single year, it would lose access to federal student aid programs for at least two years, though it can earn that access back by meeting all eligibility requirements for at least two years.
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