H.R. 7804 wants to make a special group to watch over for-profit schools (schools that make money) to ensure they treat students fairly and follow the rules. Every year, they will tell everyone which schools have problems so kids and parents can be careful.

S. 3727 is like creating a special team to make sure for-profit colleges (schools that try to make money) are doing a good job and not breaking rules. This team will also make a list to warn kids and parents if a college might be in trouble, but they forgot to say how they will pay for all of this work.