H.R. 4098 · 116th Congress
Higher Education Reform and Opportunity Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
48 cosponsors · 48 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill revises requirements governing the financing and accreditation of postsecondary education.
What it does: CRS summary · Introduced in House · Jul 30, 2019
Higher Education Reform and Opportunity Act of 2019
This bill revises requirements governing the financing and accreditation of postsecondary education.
Specifically, the bill makes postsecondary education courses and programs (e.g., apprenticeship programs) that provide credits toward a postsecondary certification, credential, or degree eligible for federal student aid funding if the programs and courses are accredited by a state that has an alternative accreditation agreement with the Department of Education.
The bill also requires institutions to publish certain enrollment and financial aid information, such as (1) the percentage of former financial aid recipients who are employed at various intervals following graduation, and (2) the average amount of total federal student loan debt accrued upon graduation. The Government Accountability Office must compile and study all such information published by institutions and submit a report containing the results.
In addition, the bill consolidates federal student loans into one student loan program and eliminates loan forgiveness for borrowers.
Lastly, the bill requires an institution that receives federal student aid funding to pay a default rate fine that is based on the default rate of loans made to its students.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Higher Education Reform and Opportunity Act of 2019
Latest action (Jul 30, 2019): Referred to the House Committee on Education and Labor.
Policy area: Education · Origin: House · Introduced: Jul 30, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.