H.R. 5836 · 112th Congress
Veterans and Service Members Educational Benefits Safety Act
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BoswellSponsorNo cosponsors.
Veterans and Service Members Educational Benefits Safety Act - Makes institutions of higher education that have a cohort default rate equal to or greater than 30% for each of the three most recent fiscal years ineligible to participate in military and veterans' educational assistance programs.
What it does: CRS summary · Introduced in House · May 18, 2012
Veterans and Service Members Educational Benefits Safety Act - Makes institutions of higher education that have a cohort default rate equal to or greater than 30% for each of the three most recent fiscal years ineligible to participate in military and veterans' educational assistance programs. (The cohort default rate represents the percentage of a school's current and former students who begin to repay Federal Family Education Loans [FFELs] in a fiscal year, but default on those loans before the end of the second fiscal year following the fiscal year they began repaying them.)
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require proprietary institutions of higher education to derive not less than 10% of their revenue from sources other than veterans' education benefits or, as under current law, title IV, or become ineligible for title IV funding (90/10 rule).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Veterans and Service Members Educational Benefits Safety Act
Latest action (Sep 26, 2012): Referred to the Subcommittee on Higher Education and Workforce Training.
Policy area: Education · Origin: House · Introduced: May 18, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.