Bill Sponsor
Senate Bill 2559
116th Congress(2019-2020)
Student Training and Education Metrics Act of 2019
Introduced
Introduced
Introduced in Senate on Sep 26, 2019
Overview
Text
Sponsor
Introduced
Sep 26, 2019
Latest Action
Sep 26, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2559
Congress
116
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
Sponsorship by Party
Republican
Florida
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Student Training and Education Metrics Act of 2019

This bill makes institutions of higher education (IHE) responsible for a percentage of the loan balance of students who are in default, and it requires IHEs and the Department of Education (ED) to report certain metrics related to student debt and academic programs.

Specifically, the bill requires an IHE to remit to ED an annually increasing percentage of the loan balance of students who are in default, up to 10% in the tenth year. Additionally, an IHE shall forfeit its eligibility to receive any federal funds if it raises the amount of tuition and fees above the amount charged for the 2019-2020 award year.

An IHE must collect, report to ED, and make publicly available certain statistics such as the (1) graduation rate for each academic program; (2) percentage of graduates who are employed full-time or continuing their education full-time one, three, and five years after graduating; and (3) cost to graduate with a degree for each academic program.

For each IHE, ED must annually report (1) the average amount of federal student loan debt owed by a student upon graduation; and (2) the rate of loan deferment, forbearance, default, and delinquency at certain intervals following graduation.

Text (1)
September 26, 2019
Actions (2)
09/26/2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
09/26/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:49:47 PM