Repeals the 90/10 rule for proprietary schools under the Higher Education Act of 1965.
The Promoting Access and Revenue Integrity Through Institutional Transparency Act, also known as the PARITY Act, seeks to amend the Higher Education Act of 1965. Specifically, it repeals the 90/10 rule that applies to proprietary schools under title IV of the act. This rule mandates that at least 90% of student aid must come from non-federal sources. The bill removes this requirement, potentially affecting how proprietary schools manage their funding and student aid.
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