HR 713 · in committee · significant
Preventing Financial Exploitation in Higher Education Act
- education
What this bill does
- The bill penalizes wealthy colleges with high student loan default rates and tuition increases above inflation.
- Large universities with endowments over $2.5 billion face financial penalties if borrowers struggle to repay federal loans.
- Penalties are calculated based on default rates and unpaid loan balances; a 25% excise tax applies to investment income for excess tuition.
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Community Threads
Started by Cosponsor
- 01
How should policymakers balance penalizing institutions for student loan defaults while accounting for factors outside a college's direct control?
- 02
Would a 25% excise tax on investment income affect colleges' financial aid budgets, and what evidence supports this expected outcome?
- 03
Why target institutions with endowments over $2.5 billion specifically, and how does this threshold relate to the actual costs students face?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-TX-24
Beth Van Duyne
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-01-23
Legislative timeline
2025-01-23 · house · IntroReferral
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2025-01-23 · house · IntroReferral
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2025-01-23 · IntroReferral
Introduced in House
2025-01-23 · IntroReferral
Introduced in House
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