PARITY Act

This bill would remove the "90/10 rule" from federal higher education law for for-profit (proprietary) schools. Under that rule, a for-profit school taking part in federal student aid programs must get at least 10 percent of its revenue from sources other than federal student aid. The bill would do this by repealing the paragraph and subsection of Section 487 of the Higher Education Act of 1965 that set out the rule.

Full text and official record on Congress.gov

Sponsors

• Jim Banks Republican sponsor
• 1 cosponsors