The Student Protection and Success Act amends the Higher Education Act of 1965 to establish institutional ineligibility for low cohort repayment.
The Student Protection and Success Act amends the Higher Education Act of 1965 to establish institutional ineligibility for low cohort repayment rates and to require risk-sharing payments from institutions of higher education. Institutions with a cohort repayment rate of 15 percent or less will be ineligible to participate in certain student loan programs. The Secretary of Education must notify institutions of their risk-sharing payment and cohort repayment rate.
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