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 by repealing the 90/10 rule for proprietary schools. This rule, found in Section 487, mandates that at least 90% of student aid must come from federal sources, with the remaining 10% from non-federal sources. The bill specifically repeals paragraph (24) and subsection (d) of Section 487, aiming to provide regulatory relief to proprietary schools.

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 by repealing the 90/10 rule for proprietary schools. This rule, found in Section 487, mandates that at least 90% of student aid must come from federal sources, with the remaining 10% from non-federal sources. The bill specifically repeals paragraph (24) and subsection (d) of Section 487, aiming to provide regulatory relief to proprietary schools.