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Student Loan Accountability: New Rules for Colleges and Support for Students.

This act introduces new rules for evaluating colleges based on student loan repayment rates, aiming to encourage better preparation of students for the job market. Institutions with high default rates may lose access to federal financial aid programs but will also receive support to improve their situation. This is intended to protect students from excessive debt and enhance educational quality.
Key points
Colleges with high student loan default rates (over 20% for 3 years or 15% for 6 years) may lose eligibility for federal financial aid programs, such as Pell Grants.
A new "adjusted cohort default rate" is introduced to more accurately measure loan defaults, considering longer periods of non-repayment.
Institutions at risk of losing federal program access (default rate between 10% and 15%) will receive financial and technical assistance to improve student outcomes and debt management.
Default management plans cannot include placing students in forbearance as a means to artificially reduce default rates.
Certain public institutions, Part B institutions, and private, non-profit institutions with a high percentage of low-income students may qualify for special exceptions and transitional support.
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Additional Information
Print number: 117_HR_7727
Sponsor: Rep. Porter, Katie [D-CA-45]
Process start date: 2022-05-11
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Accountability in Student Loan Data Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7727.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-11.

What are the main provisions?

Key points include:

  • Colleges with high student loan default rates (over 20% for 3 years or 15% for 6 years) may lose eligibility for federal financial aid programs, such as Pell Grants.
  • A new "adjusted cohort default rate" is introduced to more accurately measure loan defaults, considering longer periods of non-repayment.
  • Institutions at risk of losing federal program access (default rate between 10% and 15%) will receive financial and technical assistance to improve student outcomes and debt management.
  • Default management plans cannot include placing students in forbearance as a means to artificially reduce default rates.
  • Certain public institutions, Part B institutions, and private, non-profit institutions with a high percentage of low-income students may qualify for special exceptions and transitional support.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Porter, Katie [D-CA-45].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

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