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Student Protection: New Rules for Colleges and Student Loans

This act aims to increase accountability for higher education institutions, especially for-profit ones, and protect students and taxpayers. It introduces new standards for the value of educational programs, facilitates student loan discharge in cases of fraud, and enhances oversight of educational institutions. This will give students greater confidence in the quality of education and the integrity of their schools.
Key points
Colleges must prove their programs lead to gainful employment and that graduates earn enough to repay loans.
Easier student loan discharge for students defrauded by institutions or when schools close.
Prohibition on institutions limiting students' right to pursue legal action in court.
Increased financial transparency for institutions and their spending on instruction, recruitment, and marketing.
Establishment of a centralized complaint system for students to report issues with institutions and loans.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_994
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2025-03-12