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Stricter Rules for Colleges: Linking Federal Aid to Student Loan Repayment Accountability.

This bill introduces a new, stricter measure—the Adjusted Cohort Default Rate (ACDR)—to evaluate how well colleges manage student debt outcomes. Institutions with consistently high ACDR will lose access to federal student aid, including Pell Grants and federal loans, protecting students from programs with poor financial results. It also provides grants to struggling schools to help them improve student success and lower default rates.
Key points
Ending Hidden Defaults: Students in long-term forbearance (three years or more) will now be counted as defaulted, preventing schools from artificially lowering their default rates.
Loss of Federal Aid: Colleges with an ACDR above 20% for three consecutive years will be cut off from federal student loan and grant programs.
Support for Improvement: Certain public and non-profit schools with moderate default rates (10-15%) will receive federal grants and assistance to improve student achievement and reduce debt problems.
Better Consumer Data: Colleges must publicly disclose the ACDR, giving prospective students a clearer picture of the financial risks associated with enrollment.
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Additional Information
Print number: 118_HR_7880
Sponsor: Rep. Porter, Katie [D-CA-47]
Process start date: 2024-04-05
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OFFICIAL LEGAL TITLE

Accountability in Student Loan Data Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7880.

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 2024-04-05.

What are the main provisions?

Key points include:

  • Ending Hidden Defaults: Students in long-term forbearance (three years or more) will now be counted as defaulted, preventing schools from artificially lowering their default rates.
  • Loss of Federal Aid: Colleges with an ACDR above 20% for three consecutive years will be cut off from federal student loan and grant programs.
  • Support for Improvement: Certain public and non-profit schools with moderate default rates (10-15%) will receive federal grants and assistance to improve student achievement and reduce debt problems.
  • Better Consumer Data: Colleges must publicly disclose the ACDR, giving prospective students a clearer picture of the financial risks associated with enrollment.
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-47].

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 2025-12-30.

CATEGORIES

Education Economy