Students Not Profits Act of 2026

This bill would change the Higher Education Act so that for-profit colleges could no longer qualify for federal student aid, by removing the separate definition of for-profit (proprietary) schools from the law. To qualify for aid, a school would have to keep online-only students to no more than 50 percent of enrollment (with exceptions for public or nonprofit technical schools), incarcerated students to no more than 25 percent, and students without a high school diploma to no more than 50 percent. Schools would be disqualified if they or their executives filed for bankruptcy, committed fraud or certain crimes involving federal aid, or previously ran a school that closed. The bill would also ban payments to outside recruiting companies based on tuition, require people who control a school to be personally liable for certain federal losses when the school closes, and set rules for for-profit schools that want to convert to nonprofit status.

Full text and official record on Congress.gov

Sponsors

• Pramila Jayapal Democrat sponsor
• 4 cosponsors