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Streamlining Accountability and Value in Education for Students Act

USA118th CongressS-1971| Senate 
| Updated: 6/14/2023
John Cornyn

John Cornyn

Republican Senator

Texas

Cosponsors (2)
Tommy Tuberville (Republican)Bill Cassidy (Republican)

Health, Education, Labor, and Pensions Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Streamlining Accountability and Value in Education for Students Act This bill addresses options for student loan repayment and access to federal student loans. Specifically, the bill reduces the number of repayment options for federal student loans. Currently, a borrower may choose among nine plans for student loan repayment. This bill reduces those options to two: a standard 10-year repayment plan and an income-driven repayment plan. The bill also requires an institution of higher education (IHE) that participates in federal student aid programs to certify that no federal student aid funds may be used by students for certain educational programs offered by the IHE. In particular, these funds may not be used by (1) an undergraduate student for enrollment in an educational program in which half of the graduates do not earn more than the median high school graduate, and (2) a graduate student for enrollment in an educational program in which half of the graduates do not earn more than the median bachelor's degree recipient.
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Timeline
Jun 14, 2023
Introduced in Senate
Jun 14, 2023
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • June 14, 2023
    Introduced in Senate


  • June 14, 2023
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Education

Related Bills

  • S 118-1972: Lowering Education Costs and Debt Act

Streamlining Accountability and Value in Education for Students Act

USA118th CongressS-1971| Senate 
| Updated: 6/14/2023
Streamlining Accountability and Value in Education for Students Act This bill addresses options for student loan repayment and access to federal student loans. Specifically, the bill reduces the number of repayment options for federal student loans. Currently, a borrower may choose among nine plans for student loan repayment. This bill reduces those options to two: a standard 10-year repayment plan and an income-driven repayment plan. The bill also requires an institution of higher education (IHE) that participates in federal student aid programs to certify that no federal student aid funds may be used by students for certain educational programs offered by the IHE. In particular, these funds may not be used by (1) an undergraduate student for enrollment in an educational program in which half of the graduates do not earn more than the median high school graduate, and (2) a graduate student for enrollment in an educational program in which half of the graduates do not earn more than the median bachelor's degree recipient.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 14, 2023
Introduced in Senate
Jun 14, 2023
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • June 14, 2023
    Introduced in Senate


  • June 14, 2023
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
John Cornyn

John Cornyn

Republican Senator

Texas

Cosponsors (2)
Tommy Tuberville (Republican)Bill Cassidy (Republican)

Health, Education, Labor, and Pensions Committee

Education

Related Bills

  • S 118-1972: Lowering Education Costs and Debt Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted