HR7831-118

Introduced

To impose a financial penalty on certain institutions of higher education with high percentages of students who default or make insufficient payments on Federal student loans, and for other purposes.

118th Congress Introduced Mar 26, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To impose a financial penalty on certain institutions of higher education with high percentages of students who default or make insufficient payments on Federal student loans, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers. The main policy domain is Education, Finance, Transportation.

Who Benefits and How

schools, students, and education providers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, schools, students, and education providers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H09FE6F865E8D47E38A4CAF96B898073F: 1. Short title This Act may be cited as the Preventing Financial Exploitation in Higher Education Act.
  • Section HFB9A4EE6DFA44163B2CC002FA533F874: 2. Institutional accountability for defaulted, delinquent, and underpaid student loans Part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a...
  • Section H53AB89A652AC4E3FAF0A320802D59BB3: 454A. Institutional accountability for defaulted, delinquent, and underpaid student loans In accordance with subsection (b), a covered institution of higher...
  • Section H3AD78AD6DCC6441FBB6B50E83A763783: 3. Program participation agreements Section 487(a) of the Higher Education Act of 1965 (20 U.S.C. 1094(a)) is amended by adding at the end the following:...
  • Section HBDE400300D034ABDB039EDEC64D97FE8: 4. Increased tax on net investment income of certain educational institutions with large endowments that increase tuition Section 4968 of the Internal Revenue...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To impose a financial penalty on certain institutions of higher education with high percentages of students who default or make insufficient payments on Federal student loans, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers.

Key Policy Areas

Education, Finance, Transportation

Primary Purpose

This bill, To impose a financial penalty on certain institutions of higher education with high percentages of students who default or make insufficient payments on Federal student loans, and for other purposes., changes federal law or congressional policy affecting schools, students, and education providers.

Policy Domains

Education Finance Transportation

Whole bill

Identified Gains
  • schools, students, and education providers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
schools, students, and education providers: ,
Identified Costs
  • federal implementing agencies
  • schools, students, and education providers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
schools, students, and education providers: ,

Legislative Progress

Introduced
Introduced Committee Passed
Mar 26, 2024

Ms. Van Duyne introduced the following bill; which was referred …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Education Finance Transportation
Actor Mappings
"the_secretary"
→ The Secretary identified in the operative section

Key Definitions

Terms defined in this bill

2 terms
"endowment fund" §H53AB89A652AC4E3FAF0A320802D59BB3

a fund that— is established by State law, by an institution of higher education, or by a foundation that is exempt from Federal income taxation

"endowment fund" §HFB9A4EE6DFA44163B2CC002FA533F874

a fund that— is established by State law, by an institution of higher education, or by a foundation that is exempt from Federal income taxation

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology