Higher Education Reform and Opportunity Act of 2019 2019-07-30 Introduced in House Higher Education Reform and Opportunity Act of 2019

This bill revises requirements governing the financing and accreditation of postsecondary education.

Specifically, the bill makes postsecondary education courses and programs (e.g., apprenticeship programs) that provide credits toward a postsecondary certification, credential, or degree eligible for federal student aid funding if the programs and courses are accredited by a state that has an alternative accreditation agreement with the Department of Education.

The bill also requires institutions to publish certain enrollment and financial aid information, such as (1) the percentage of former financial aid recipients who are employed at various intervals following graduation, and (2) the average amount of total federal student loan debt accrued upon graduation. The Government Accountability Office must compile and study all such information published by institutions and submit a report containing the results.

In addition, the bill consolidates federal student loans into one student loan program and eliminates loan forgiveness for borrowers.

Lastly, the bill requires an institution that receives federal student aid funding to pay a default rate fine that is based on the default rate of loans made to its students.

]]> 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 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.