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S 1971 118th Congress Senate Education

Streamlining Accountability and Value in Education for Students Act

Introduced: June 14, 2023 Introduced by: Cornyn, John Republican · Texas 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 14, 2023
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jun 14, 2023
Introduced in Senate
 Plain-English summary Congressional Research Service

Streamlining Accountability and Value in Education for Students Act

This bill addresses options for student loan repayment and access to federal student loans.

Specifically, the bill reduces the number of repayment options for federal student loans. Currently, a borrower may choose among nine plans for student loan repayment. This bill reduces those options to two: a standard 10-year repayment plan and an income-driven repayment plan.

The bill also requires an institution of higher education (IHE) that participates in federal student aid programs to certify that no federal student aid funds may be used by students for certain educational programs offered by the IHE. In particular, these funds may not be used by (1) an undergraduate student for enrollment in an educational program in which half of the graduates do not earn more than the median high school graduate, and (2) a graduate student for enrollment in an educational program in which half of the graduates do not earn more than the median bachelor's degree recipient.

What's happening now June 14, 2023

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

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2