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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2019-10-11 | IntroReferral | Referred to the House Committee on Education and Labor. | House floor actions |
| 2019-10-11 | IntroReferral | Introduced in House | Library of Congress |