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Enhanced Transparency for Student Loan Repayments at Wealthy Universities

New rules require the Department of Education to collect and publish detailed student loan repayment data for each program of study at universities with large endowments. This aims to help students and their families assess the financial risks of taking out loans for specific programs before committing to their studies.
Key points
Universities with endowments over one billion dollars must report student loan repayment data for each study program.
Reports will include percentages of students defaulting, in forbearance, or fully repaying their loans.
The goal is to increase transparency and assist prospective students in making informed financial decisions.
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Status: Expired
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Additional Information
Print number: 117_HR_9639
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2022-12-20