Referred to the House Committee on Education and Workforce.
Summary
The bill would eliminate the 90/10 rule, which currently caps the amount of federal student aid that for‑profit schools can receive to 90 percent of their revenue. It would affect all proprietary (for‑profit) institutions that participate in Title IV federal financial aid programs. Supporters say it would give these schools more flexibility, while critics warn it could increase reliance on federal funds and raise consumer‑protection concerns.
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