S 2107 · 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 would raise that requirement to 15%. The bill also updates how revenue is calculated and makes the penalties stricter — if a for-profit college fails to meet the new 15% requirement for even one year, it would lose access to federal student aid programs for at least two years, though it can earn that access back by following all the rules for at least two years.
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