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Higher Standards for Higher Education Act

12/15/2023, 3:58 PM

Summary of Bill HR 3453

Bill 118 hr 3453, also known as the Higher Standards for Higher Education Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to establish higher standards for institutions of higher education in the United States.

One of the key provisions of the bill is the requirement for colleges and universities to meet certain benchmarks in order to receive federal funding. These benchmarks include graduation rates, job placement rates, and student loan default rates. Institutions that do not meet these standards may face penalties or lose access to federal funding.

Additionally, the bill aims to increase transparency and accountability in higher education by requiring institutions to provide more detailed information to students and families about the cost of attendance, graduation rates, and job placement outcomes. This information will help students make more informed decisions about where to attend college. The Higher Standards for Higher Education Act also includes provisions to improve access to higher education for low-income and minority students. This includes increasing funding for Pell Grants and other financial aid programs, as well as implementing programs to support student success and retention. Overall, the Higher Standards for Higher Education Act seeks to ensure that all students have access to high-quality, affordable higher education options that lead to successful outcomes. It is currently being debated in Congress, and its ultimate impact on the higher education system in the United States remains to be seen.

Congressional Summary of HR 3453

Higher Standards for Higher Education Act

This bill requires the Department of Education, in its annual report on cohort default rates (generally, a percentage of how many current and former students default on their student loans in a fiscal year), to collect and report additional data for institutions of higher education with an endowment of $1 billion or more.

Current Status of Bill HR 3453

Bill HR 3453 is currently in the status of Bill Introduced since May 17, 2023. Bill HR 3453 was introduced during Congress 118 and was introduced to the House on May 17, 2023.  Bill HR 3453's most recent activity was Referred to the House Committee on Education and the Workforce. as of May 17, 2023

Bipartisan Support of Bill HR 3453

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 HR 3453

Primary Policy Focus

Education

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