The bill S. 4565, titled the "Student Protection and Success Act," aims to amend the Higher Education Act of 1965 to address low cohort repayment rates and establish risk-sharing payments for institutions of higher education. Beginning in 2027, colleges and universities with...
Simple Explanation
This new bill wants schools to help students pay back their loans. If too many students can't pay, the schools might not get money from the government anymore. Schools that do a good job helping students with their loans can get extra money as a reward.