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Congressional Update – Students Before Profits Act of 2015

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The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. But for now, here is a snippet from the bill.

Students Before Profits Act of 2015

H.R. 3992 — Introduced

…that is calculated by taking an institution’s 3-year cohort default rate, as defined in section 435(m), for the most recent fiscal year available, and multiplying it by the percentage of students enrolled at such institution receiving a Federal student loan authorized under this title during the previous academic year. “(3) Substantial misrepresentation or other serious violation.–The term `substantial misrepresentation or other serious violation’ means either of the following: “(A) A substantia…

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