[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2124 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 2124

To amend the Higher Education Act of 1965 to provide for institutional 
            shared responsibility for student loan default.


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                   IN THE SENATE OF THE UNITED STATES

                             July 16, 2019

  Mr. Hawley introduced the following bill; which was read twice and 
  referred to the Committee on Health, Education, Labor, and Pensions

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                                 A BILL


 
To amend the Higher Education Act of 1965 to provide for institutional 
            shared responsibility for student loan default.

    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 ``Skin in the Game Act''.

SEC. 2. INSTITUTIONS OF HIGHER EDUCATION REPAYING A PORTION OF STUDENT 
              LOAN DEBTS.

    Section 454 of the Higher Education Act of 1965 (20 U.S.C. 1087d) 
is amended by adding at the end the following:
    ``(d) Institutions of Higher Education Repaying a Portion of 
Student Loan Debts.--
            ``(1) In general.--Each institution of higher education 
        participating in the direct student loan program under this 
        part for a fiscal year shall be liable for 50 percent of any 
        student loan balance that is in default for a loan made under 
        this part that was used towards the cost of attendance at the 
        institution.
            ``(2) No offset.--An institution of higher education shall 
        not increase the costs of tuition at the institution, charge 
        any additional fee to students, or otherwise increase the cost 
        of attendance at the institution in order to offset the 
        liability of the institution under paragraph (1).''.
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