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HR 3179 116th Congress House Education Congressional oversight Education programs funding Higher education Student aid and college costs Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs

POST Act of 2019

Introduced: June 10, 2019 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 10, 2019
Referred to the House Committee on Education and Labor.
Jun 10, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Protecting Our Students and Taxpayers Act of 2019 or the POST Act of 2019

This bill modifies requirements for a proprietary (i.e., for-profit) institution of higher education (IHE) to participate in federal student aid programs.

Current law requires a proprietary IHE to derive at least 10% of its revenue from sources other than federal student aid. This bill requires a proprietary IHE to derive at least 15% of its revenue from sources other than federal funds (i.e., it replaces the so-called 90/10 rule with an 85/15 rule).

Additionally, the bill limits what a proprietary institution may treat as revenue to the school in calculating whether it derives at least 15% of its revenue from sources other than federal funds.

Finally, the bill makes compliance with the 85/15 rule a condition of institutional eligibility to participate in federal student aid programs (i.e., failure to comply results in immediate loss of institutional eligibility). Currently, a proprietary IHE must violate the rule for two consecutive years before losing eligibility.

What's happening now June 10, 2019

Referred to the House Committee on Education and Labor.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3