H.R. 2743 · 115th Congress
85/15 Rule Act
- Stage
- In committee
- Sponsor
- Maxine Waters
- Introduced
- 2017-05-25
- Latest action
- 2017-05-25 · Introduced in House
Summary
85/15 Rule Act
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require proprietary institutions of higher education to derive at least 15% (currently 10%) of their revenue from non-federal sources or risk becoming ineligible for title IV funding.