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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-05-25 | IntroReferral | Referred to the House Committee on Education and the Workforce. | House floor actions |
| 2017-05-25 | IntroReferral | Introduced in House | Library of Congress |