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COLLEGE Act

3/13/2024, 3:40 AM

Congressional Summary of S 4772

Changing Our Learning, Loans, Endowments, and Graduation Expectations Act or the COLLEGE Act

This bill requires institutions of higher education (IHEs) to provide cost-match awards to enrolled students based on the size of the IHE's endowment fund, makes IHEs responsible for a percentage of the student loan balance of students who are in default, and establishes related reporting requirements.

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Current Status of Bill S 4772

Bill S 4772 is currently in the status of Bill Introduced since August 4, 2022. Bill S 4772 was introduced during Congress 117 and was introduced to the Senate on August 4, 2022.  Bill S 4772's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of August 4, 2022

Bipartisan Support of Bill S 4772

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4772

Primary Policy Focus

Education

Alternate Title(s) of Bill S 4772

COLLEGE Act
COLLEGE Act
Changing Our Learning, Loans, Endowments, and Graduation Expectations Act
A bill to require institutions of higher education participating in Federal financial aid programs to pay a percentage of the cost of attendance for each enrolled full-time student, based on the endowment fund of the institution, and for other purposes.

Comments

Sponsors and Cosponsors of S 4772

Rick Scott
Rick Scott
FloridaRepublican

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