[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1928 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 1928

  To clarify the calculation of cohort default rates for proprietary 
  institutions of higher education under the Higher Education Act of 
                                 1965.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 9, 2013

 Ms. DeLauro (for herself, Mr. Grijalva, Ms. Schwartz, and Mr. Takano) 
 introduced the following bill; which was referred to the Committee on 
                      Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
  To clarify the calculation of cohort default rates for proprietary 
  institutions of higher education under the Higher Education Act of 
                                 1965.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Proprietary Institution of Higher 
Education Accountability Act''.

SEC. 2. CLARIFICATION OF COHORT DEFAULT RATE.

    Section 435(m)(1) of the Higher Education Act of 1965 (20 U.S.C. 
1085(m)(1)) is amended--
            (1) in subparagraph (B), by inserting after the first 
        sentence the following: ``In calculating the cohort default 
        rate for a proprietary institution of higher education, the 
        Secretary shall treat current and former students at the 
        institution who have been granted, on loans made under part D 
        and received for attendance at the institution, a forbearance 
        or deferment described in subparagraph (D) for any period 
        exceeding 6-months after entering repayment on such loans and 
        before the end of the second fiscal year following the fiscal 
        year in which such students entered such repayment, as students 
        who have defaulted on such loans before the end of such second 
        fiscal year.''; and
            (2) by adding at the end the following new subparagraph:
                    ``(D) For purposes of subparagraph (B)--
                            ``(i) the term `forbearance' means a 
                        forbearance granted for a reason described in 
                        subparagraph (A)(i)(II) or subparagraph (B) of 
                        section 428(c)(3); and
                            ``(ii) the term `deferment' means a 
                        deferment granted for a reason described in 
                        subparagraph (B) or (D) of section 
                        455(f)(2).''.
                                 <all>