H.R. 713 is a bill designed to hold certain colleges and universities accountable by imposing financial penalties on them if a high percentage of their students fail to repay or make sufficient payments on federal student loans. Specifically, institutions with substantial...
Simple Explanation
H.R. 713 is a plan to make some colleges and universities pay fines if lots of their students have trouble paying back their student loans, and it also wants to stop big schools from raising their prices too much by making them pay more taxes if they do.