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Enhanced Transparency for Student Loan Repayment Data

New rules require universities with large endowments to report detailed student loan repayment data for each study program. This aims to help students better assess the financial risks associated with their choice of studies and loans.
Key points
Universities with endowments over one billion dollars must report loan repayment data for each study program.
Reports will include information on the number of students in repayment, percentages of those defaulting, in forbearance, or making regular payments.
The goal is to increase transparency and assist future students in making informed financial decisions about their education.
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Additional Information
Print number: 118_HR_3453
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2023-05-17
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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 118_HR_3453.

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 2023-05-17.

What are the main provisions?

Key points include:

  • Universities with endowments over one billion dollars must report loan repayment data for each study program.
  • Reports will include information on the number of students in repayment, percentages of those defaulting, in forbearance, or making regular payments.
  • The goal is to increase transparency and assist future students in making informed financial decisions about their education.
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 the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education