H.R. 7880, known as the "Accountability in Student Loan Data Act of 2024," aims to amend the Higher Education Act of 1965 to ensure that colleges and universities maintain specific default rates on student loans to continue participating in federal financial aid programs. It introduces the...
Simple Explanation
The bill wants schools to do a good job helping students pay back their school loans. If too many students have trouble paying back their loans, the schools might lose some help from the government.