Student Protection and Success Act

This bill sets up rules for colleges and universities based on how well their students are able to pay back their loans. If 15% or fewer of a school's students can start paying back their loans by certain deadlines, that school would lose access to federal financial aid programs for three years. The bill also creates a grant program to give money to schools that do a good job helping low- and middle-income students, funded by payments from schools where students have high amounts of unpaid loans. These grants can be used for things like extra financial aid, tutoring and support services, and faster learning programs. The bill also requires the collection of data on how schools spend money on student services and marketing.

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