Bill 119 s 801, also known as the Higher Education Accountability and Transparency Act, aims to make changes to the Higher Education Act of 1965. The main goals of this bill are to increase fiscal accountability within institutions of higher education, require these institutions to publish information about student success rates, and hold schools accountable for student loans.
One of the key provisions of this bill is the requirement for colleges and universities to provide more transparency when it comes to their financial practices. This includes disclosing information about how they are using federal funds and ensuring that they are being used in a responsible manner.
Additionally, the bill mandates that institutions of higher education must publish data on student success rates, such as graduation rates and job placement after graduation. This information will help prospective students make more informed decisions about where to pursue their education.
Another important aspect of the bill is the focus on holding schools accountable for student loans. This includes measures to ensure that students are not taking on excessive debt and that schools are providing adequate support to help students repay their loans after graduation.
Overall, Bill 119 s 801 aims to improve accountability and transparency within the higher education system, ultimately benefiting both students and taxpayers.