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S 1525 116th Congress Senate Education Academic performance and assessments Congressional oversight Education of the disadvantaged Education programs funding Government information and archives Government lending and loan guarantees Higher education Student aid and college costs

Student Protection and Success Act

Introduced: May 16, 2019 Introduced by: Shaheen, Jeanne Democratic · New Hampshire 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
May 16, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 16, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

Student Protection and Success Act

This bill establishes certain consequences for institutions of higher education (IHEs) that have low student loan repayment rates or high student loan balances among their students.

The bill makes an IHE ineligible for federal student financial aid programs for two fiscal years if a certain percentage of its students are not able to start repaying the principal of their loans by specified deadlines.

The Department of Education must award grants to IHEs that have a strong record of supporting low- and moderate-income students. The bill funds the grants by requiring IHEs with certain nonrepayment loan balances to make risk-sharing payments. Grants may be used to increase college access and success for the students using investments and practices such as awarding additional need-based financial aid, enhancing academic and student support services, and establishing or expanding accelerated learning opportunities.

The bill also revises the types of student service expenditures and resources information collected by the National Center for Education Statistics.

What's happening now May 16, 2019

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1