Protecting Students and Taxpayers: Stricter Funding Rules for For-Profit Colleges.
This law tightens funding requirements for proprietary (for-profit) higher education institutions by changing the so-called 90/10 rule to 85/15. This means these schools must now derive at least 15% of their revenue from non-federal sources, protecting students from low-quality programs and taxpayers from misuse of federal aid. Institutions failing this requirement will lose access to federal student aid programs for a minimum of two years.
Key points
For-profit colleges must now obtain a minimum of 15% of their revenue from non-federal sources, such as private tuition or state aid.
The change aims to protect students and taxpayers by ensuring schools have market value beyond federal student aid dollars.
Schools violating the new rule will be ineligible to enroll students using federal financial aid (Title IV funds) for at least two years.
Status:
Expired
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