118th Congress · HOUSE BILLBILL

H.R. 3452 — Combating Predatory Lending in Higher Education Act of 2023

“To require that certain loans made to parents on behalf of a dependent student and to graduate students are included in the definition of cohort default rate under the Higher Education Act of 1965, to require the Secretary of Education to report default rates for such loans, and for other purposes.”

Education

Introduced May 17, 2023

Last action May 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

May 17, 2023

Step 2

Referred

May 17, 2023

Education and Workforce

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill includes Direct PLUS Loans that are made to graduate students and parents on behalf of dependent students in an institution of higher education's (IHE's) cohort default rate. This rate is the percentage of an IHE's borrowers who enter repayment and default on certain student loans. Further, the Department of Education must include this information in its annual report on cohort default rates.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

May 17, 2023

Introduced in House

May 17, 2023

Referred to the House Committee on Education and the Workforce.