S 1775 116th Congress Senate 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 11, 2019 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 11, 2019

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S3322-3323)

Jun 11, 2019

Introduced in Senate

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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 11, 2019

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S3322-3323)

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