PARITY Act

This bill would repeal the "90/10 rule" for for-profit (proprietary) colleges under the federal Higher Education Act. The 90/10 rule currently requires for-profit schools that take part in federal student aid programs to get at least 10 percent of their revenue from sources other than federal student aid. The bill does this by removing the related paragraph from the list of conditions schools agree to and by repealing the subsection that sets out how the rule is applied.

Full text and official record on Congress.gov

Sponsors

• Mark Harris Republican sponsor
• 3 cosponsors