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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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Additional Information
Print number: 117_HR_9639
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2022-12-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Higher Standards for Higher Education Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9639.

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 2022-12-20.

What are the main provisions?

Key points include:

  • 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.
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. Van Duyne, Beth [R-TX-24].

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 2025-12-28.

CATEGORIES

Education