What does HR10562 do?

The Students Not Profits Act of 2026 pursues a dual objective: eliminating federal student aid eligibility for for-profit institutions of higher education and establishing rigorous integrity standards for institutions claiming nonprofit status. The legislation represents a fundamental restructuring of how the federal government determines which institutions may access Title IV funding, premised on the policy judgment that federal student aid dollars should flow only to institutions whose primary mission is education rather than profit generation. Beyond the categorical exclusion of for-profit institutions, the bill addresses a recognized vulnerability in the existing regulatory framework — the conversion or misrepresentation of for-profit institutions as nonprofits — by codifying substantive criteria that an institution must satisfy to be treated as a genuine nonprofit for purposes of federal aid eligibility.

Who sponsored HR10562?

Pramila Jayapal, Jesus Garcia, Chellie Pingree, Ayanna Pressley, Rashida Tlaib

What is the status of HR10562?

Introduced as of September 24, 2026.

What does HR10562 do?

The Students Not Profits Act of 2026 pursues a dual objective: eliminating federal student aid eligibility for for-profit institutions of higher education and establishing rigorous integrity standards for institutions claiming nonprofit status. The legislation represents a fundamental restructuring of how the federal government determines which institutions may access Title IV funding, premised on the policy judgment that federal student aid dollars should flow only to institutions whose primary mission is education rather than profit generation. Beyond the categorical exclusion of for-profit institutions, the bill addresses a recognized vulnerability in the existing regulatory framework — the conversion or misrepresentation of for-profit institutions as nonprofits — by codifying substantive criteria that an institution must satisfy to be treated as a genuine nonprofit for purposes of federal aid eligibility.

Who sponsored HR10562?

Pramila Jayapal, Jesus Garcia, Chellie Pingree, Ayanna Pressley, Rashida Tlaib

What is the status of HR10562?

Introduced as of September 24, 2026.

HR10562 U.S. House: Students Not Profits Act of 2026

Introduced

Introduced in House · September 28, 2026

September 24, 2026

Ms. Jayapal (for herself, Mr. García of Illinois, Ms. Pingree, Ms. Pressley, and Ms. Tlaib) introduced the following bill; which was referred to the Committee on Education and Workforce

A BILL

To amend the Higher Education Act of 1965 to make for-profit institutions ineligible for Federal student aid and to protect the integrity of nonprofit institutions of higher education.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Students Not Profits Act of 2026”.

Introduced

Introduced in House · September 28, 2026

September 24, 2026

Ms. Jayapal (for herself, Mr. García of Illinois, Ms. Pingree, Ms. Pressley, and Ms. Tlaib) introduced the following bill; which was referred to the Committee on Education and Workforce

A BILL

To amend the Higher Education Act of 1965 to make for-profit institutions ineligible for Federal student aid and to protect the integrity of nonprofit institutions of higher education.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Students Not Profits Act of 2026”.

Introduced

Introduced in House · September 28, 2026

September 24, 2026

Ms. Jayapal (for herself, Mr. García of Illinois, Ms. Pingree, Ms. Pressley, and Ms. Tlaib) introduced the following bill; which was referred to the Committee on Education and Workforce

A BILL

To amend the Higher Education Act of 1965 to make for-profit institutions ineligible for Federal student aid and to protect the integrity of nonprofit institutions of higher education.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Students Not Profits Act of 2026”.

Introduced

Introduced in House · September 28, 2026

September 24, 2026

Ms. Jayapal (for herself, Mr. García of Illinois, Ms. Pingree, Ms. Pressley, and Ms. Tlaib) introduced the following bill; which was referred to the Committee on Education and Workforce

A BILL

To amend the Higher Education Act of 1965 to make for-profit institutions ineligible for Federal student aid and to protect the integrity of nonprofit institutions of higher education.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Students Not Profits Act of 2026”.

H.R.10562

H.R.10562

H.R.10562

H.R.10562