I
113th CONGRESS
1st Session
H. R. 1928
IN THE HOUSE OF REPRESENTATIVES
May 9, 2013
Ms. DeLauro (for herself, Mr. Grijalva, Ms. Schwartz, and Mr. Takano) introduced the following bill; which was referred to the Committee on Education and the Workforce
A BILL
To clarify the calculation of cohort default rates for proprietary institutions of higher education under the Higher Education Act of 1965.
Short title
This Act may be cited as the
Proprietary Institution of Higher
Education Accountability Act
.
Clarification of cohort default rate
Section 435(m)(1) of the Higher Education Act of 1965 ( 20 U.S.C. 1085(m)(1) ) is amended—
in subparagraph
(B), by inserting after the first sentence the following: In calculating
the cohort default rate for a proprietary institution of higher education, the
Secretary shall treat current and former students at the institution who have
been granted, on loans made under part D and received for attendance at the
institution, a forbearance or deferment described in subparagraph (D) for any
period exceeding 6-months after entering repayment on such loans and before the
end of the second fiscal year following the fiscal year in which such students
entered such repayment, as students who have defaulted on such loans before the
end of such second fiscal year.
; and
by adding at the end the following new subparagraph:
For purposes of subparagraph (B)—
the term
forbearance
means a forbearance granted for a reason described
in subparagraph (A)(i)(II) or subparagraph (B) of section 428(c)(3); and
the term
deferment
means a deferment granted for a reason described in
subparagraph (B) or (D) of section
455(f)(2).
.