S. 4772 · 117th Congress
Changing Our Learning, Loans, Endowments, and Graduation Expectations Act
- Stage
- In committee
- Sponsor
- Rick Scott
- Introduced
- 2022-08-04
- Latest action
- 2022-08-04 · Introduced in Senate
Summary
Changing Our Learning, Loans, Endowments, and Graduation Expectations Act or the COLLEGE Act
This bill requires institutions of higher education (IHEs) to provide cost-match awards to enrolled students based on the size of the IHE's endowment fund, makes IHEs responsible for a percentage of the student loan balance of students who are in default, and establishes related reporting requirements.