Referred to the House Committee on Education and Workforce.
Summary
The Student Protection and Success Act bars any higher‑education institution whose cohort repayment rate falls at 15% or below from receiving federal student‑aid programs for three fiscal years. It also creates a grant program for schools that achieve repayment rates above 25% and demonstrate strong support for low‑ and moderate‑income students, funded by risk‑sharing payments from schools with high non‑repayment balances. The measure aims to improve loan repayment outcomes and protect students from institutions that fail to help borrowers repay.
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