3.0.0 3550 2020-02-10T17:00:04Z 2020-02-10T17:00:04Z Senate S S 2012-09-13 112 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2012-09-13T22:43:10Z 2012-09-13 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2012-09-13 Introduced in Senate IntroReferral 10000 9 Library of Congress B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT N H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2012-09-13 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2012-11-13 False Education Administrative law and regulatory procedures Business ethics Consumer affairs Department of Education Fraud offenses and financial crimes Government information and archives Higher education Licensing and registrations Marketing and advertising School administration Student aid and college costs Wages and earnings Education 00 2012-09-13 Introduced in Senate 2012-09-21T15:37:23Z Advancing College Choice and Ethics to Protect Taxpayers Act of 2012 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to bar the Secretary of Education from issuing new regulations related to the prohibition against provision of incentive compensation by institutions of higher education (IHEs) to certain school employees based on their success in securing student enrollments or financial aid.

Prohibits IHEs from engaging in deceptive practices likely to mislead consumers or affect their decisions.

Requires IHEs with a Student Default Risk Index for a year of 0.1 or greater to: (1) give individuals whose enrollment has been accepted at least two weeks to confirm their enrollment decision without the school's making benefit decisions contingent on an earlier decision; and (2) notify those individuals of financial aid determinations at least one week before the enrollment confirmation deadline, if they have submitted the requested application forms.

Penalizes IHEs that substantially misrepresent: (1) the space available in a program for which an individual is considering enrollment, (2) admission requirements, (3) the transferability of credits, (4) whether a program qualifies students to sit for licensing examinations or obtain employment certifications, and (5) the success of their students in obtaining those licenses or certifications. (This is in addition to prohibiting a school from misrepresenting its educational program, financial charges, or graduates' employability.)

Increases, and alters the formula for determining, the penalties imposed on IHEs that violate title IV provisions.

Directs the Secretary annually to produce and make available to IHEs and the public standardized disclosure sheets with IHE data, and state, IHE category, and national averages.

Requires IHEs to provide their students and individuals accepted for enrollment with that disclosure sheet which includes specified information regarding student costs, financial aid, debt and default rates, transfer and dropout rates, and the school's obligations under title IV.

Requires IHEs to provide students and prospective students with the process for registering a complaint with the school's accreditor.

Requires IHEs to provide individuals that have been accepted for enrollment with certain information about financial aid, the school, its procedures, and its graduates in a manner that allows them to take that information into account before making a final enrollment decision.

]]> Advancing College Choice and Ethics to Protect Taxpayers Act of 2012 Short Titles as Introduced Advancing College Choice and Ethics to Protect Taxpayers Act of 2012 Display Title Advancing College Choice and Ethics to Protect Taxpayers Act of 2012 Official Title as Introduced A bill to amend the Higher Education Act of 1965 to protect students from deceptive practices and high-pressure sales by institutions of higher education, to provide a waiting period for students to make enrollment decisions, to guard against misrepresentation, to standardize and elevate institutional disclosures, and for other purposes. Introduced in Senate 2012-09-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3550is/xml/BILLS-112s3550is.xml 2012-09-13 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.