H.R. 4662 · 116th Congress
Accountability in Student Loan Data Act
- Stage
- In committee
- Sponsor
- Katie Porter
- Introduced
- 2019-10-11
- Latest action
- 2019-10-11 · Introduced in House
Summary
Accountability in Student Loan Data Act
This bill revises the method for calculating a cohort default rate (the measurement of how many borrowers default on their federal student loans within a certain time period), and it establishes penalties for institutions of higher education that have a certain percentage of graduates who default on their student loans.