S. 2296 · 112th Congress
Protecting Financial Aid for Students and Taxpayers Act
- Stage
- In committee
- Sponsor
- Kay Hagan
- Introduced
- 2012-04-18
- Latest action
- 2012-04-18 · Introduced in Senate
Summary
Protecting Financial Aid for Students and Taxpayers Act - Amends the Higher Education Opportunity Act to prohibit postsecondary educational institutions from using revenues derived from federal educational assistance funds for: (1) advertising and promotion; (2) identifying and attracting prospective students; or (3) other activities the Secretary of Education may proscribe, such as paying for the promotion or sponsorship of education or military-related associations.
Excepts from that prohibition activities that are required as a condition of receiving funds under title IV (Student Assistance) of the Higher Education Act of 1965, specifically authorized under title IV, or otherwise specified by the Secretary.