Search Results: keywords:"85/15 rule"

  • H. R. 9004 — To amend the Higher Education Act of 1965 regarding proprietary institutions of higher education in order to protect students and taxpayers.
    Status:Introduced in House
    Words:2,396

    The bill known as H.R. 9004, or the "Protecting Our Students and Taxpayers Act of 2024," aims to modify the Higher Education Act of 1965 to safeguard students and taxpayers by changing how proprietary colleges and universities in the U.S. receive funding. It requires these institutions to...

    Simple Explanation

    The bill is like a new rule for special schools that says they need to get part of their money from sources other than just the government. This is to make sure they don't rely too much on the government's help, starting in 2025.

  • S. 4701 — To amend the Higher Education Act of 1965 regarding proprietary institutions of higher education in order to protect students and taxpayers.
    Status:Introduced in Senate
    Words:2,410

    S. 4701 seeks to change the Higher Education Act of 1965 to better protect students and taxpayers by focusing on how proprietary (for-profit) colleges manage their revenue. It introduces the "85/15 rule," requiring these colleges to earn at least 15% of their revenue from...

    Simple Explanation

    S. 4701 is a rule to make sure that for-profit colleges get enough of their money from places other than the government, so that students and taxpayers are better protected. It says these colleges need to get at least 15% of their money from different sources, not just from government funds.