[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9639 Introduced in House (IH)]
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117th CONGRESS
2d Session
H. R. 9639
To require the Secretary of Education to report default and other data
for each program of study of certain institutions of higher education
for which the Secretary annually reports cohort default data under the
Higher Education Act of 1965.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 20, 2022
Ms. Van Duyne introduced the following bill; which was referred to the
Committee on Education and Labor
_______________________________________________________________________
A BILL
To require the Secretary of Education to report default and other data
for each program of study of certain institutions of higher education
for which the Secretary annually reports cohort default data under the
Higher Education Act of 1965.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Higher Standards for Higher
Education Act''.
SEC. 2. COLLECTION AND REPORTING OF DEFAULT DATA FOR CERTAIN PROGRAMS
OF STUDY.
Section 435(m)(4) of the Higher Education Act of 1965 (20 U.S.C.
1085(m)(4)) is amended by adding at the end the following:
``(E) Program of study reporting requirements.--
``(i) In general.--Subject to clause (ii),
for each fiscal year beginning after the date
of enactment of the Higher Standards for Higher
Education Act, the Secretary shall include in
the annual report required under subparagraph
(C), for each covered institution for which a
cohort default rate is calculated under this
subsection for a fiscal year, the following
with respect each program of study of such
institution in which one or more current and
former students at the institution who enter
repayment in that fiscal year on Federal Direct
Stafford Loans, Federal Direct PLUS Loans, or
Federal Direct Unsubsidized Stafford Loans,
received for attendance at the institution, are
enrolled (in the case of a current student) or
were most recently enrolled prior to entering
repayment (in the case of a former student):
``(I) The number of those current
and former students who enter repayment
on such loans (or on the portion of a
Federal Direct Consolidation Loan that
is used to repay any such loans) in
that fiscal year.
``(II) Of the students identified
in subclause (I), the percentage who
default on any such loan before the end
of the second succeeding fiscal year
following the fiscal year in which the
students entered repayment.
``(III) Of such students, the
percentage who are between 31 and 360
days delinquent on any such loan before
the end of such second succeeding
fiscal year.
``(IV) Of such students, the
percentage who are in forbearance on
any such loan before the end of such
second succeeding fiscal year.
``(V) Of such students, the
percentage who are in deferment on any
such loan before the end of such second
succeeding fiscal year.
``(VI) Of such students, the
percentage who--
``(aa) have been making
regular payments on such loans,
but for whom--
``(AA) on any day
before the end of such
second succeeding
fiscal year, the sum of
the outstanding balance
due on such loans,
exceeds
``(BB) the sum of
the outstanding balance
due on such loans on
the date that is one
year preceding the day
in subitem (AA); and
``(bb) are not described in
subclauses (II) through (V).
``(VII) Of such students, the
percentage who--
``(aa) have been making
regular payments on such loans,
and for whom--
``(AA) on any day
before the end of such
second succeeding
fiscal year, the sum of
the outstanding balance
due on such loans, is
less than
``(BB) the sum of
the outstanding balance
due on such loans on
the date that is one
year preceding the day
in subitem (AA); and
``(bb) are not described in
subclauses (II) through (V).
``(VIII) Of such students, the
percentage who, before the end of such
second succeeding fiscal year--
``(aa) are making regular
payments on such loans, and for
whom--
``(AA) the sum of
the outstanding balance
due on such loans, is
less than
``(BB) the sum of
the original balance
due on such loans; and
``(bb) are not described in
subclauses (II) through (V).
``(IX) Of such students, the
percentage who have paid each such loan
in full before the end of such second
succeeding fiscal year.
``(X) Of such students, the
percentage whose obligation to repay
all such loans has been discharged
under section 437 before the end of
such second succeeding fiscal year.
``(ii) Exclusion of certain programs of
study.--The Secretary shall exclude under
clause (i) information with respect to any
program of study if the number of students (or
former students) of such program is
insufficient to yield statistically reliable
information or the results would reveal
personally identifiable information about an
individual student (or former student).
``(iii) Definitions.--In this subparagraph:
``(I) Covered institution.--The
term `covered institution' means an
institution that is the beneficiary of
an endowment fund that has a total
value of not less than $1,000,000,000.
``(II) Endowment fund.--The term
`endowment fund' means a fund
established by State law, by an
institution of higher education, or by
a foundation which is exempt from
Federal income taxation and is
maintained for the purpose of
generating income for the support of
the institution, but which shall not
include real estate''.
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