119th Congress · introduced in the House · Jan 23, 2025
Preventing Financial Exploitation in Higher Education Act
Official title from Congress.gov
Latest action (Jan 23, 2025): Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
View on Congress.govPolicy area: Education
Congressional Research Service summary, version: Introduced in House (Jan 23, 2025)
Preventing Financial Exploitation in Higher Education Act
This bill establishes financial penalties for institutions of higher education (IHEs) with endowments of $2.5 billion or more that have specified percentages of current and former students who default, are delinquent, or underpay on their federal student loans. The bill also imposes an increased excise tax on net investment income of certain IHEs that increase tuition beyond certain levels.
Specifically, the bill requires such an IHE to pay penalties to the Department of Education based on the IHE's
• cohort default rate (the percentage of how many borrowers default on their federal student loans in a fiscal year),
• cohort delinquency rate (the percentage of borrowers who are between 31- and 360-days past-due on their federal student loans), and
• cohort underpayment rate (the percentage of borrowers who are making regular payments on their federal student loans, are neither delinquent nor in default on those loans, but for whom the outstanding balances on their loans exceed the sum of the original loan balances).
Show the full summary (2 more paragraphs)No cosponsors.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
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Civil actions and liability · Education programs funding · Government lending and loan guarantees · Higher education · Student aid and college costs
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
2 citations.
NATIONAL ASSN OF INDEPENDENT COLLEGES & UNIVERSITIES · lobbying firm or registrant: NATIONAL ASSN OF INDEPENDENT COLLEGES & UNIVERSITIES
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · amended · posted Jan 2, 2026 · issue area: Education
$200,000
Spent on own lobbying
…X) One Big Beautiful Bill Act H.R. 28 by Steube (R-FL) Protection of Women and Girls in Sports Act of 2025 H.R. 446 by Nehls (R-TX) Endowment Tax Fairness Act. H.R. 713 by Van Duyne (R-TX) Preventing Financial Exploitation in Higher Education Act H.R. 772 by Malliotakis (R-NY) Employer Participation in Repayment Act H. R. 1048…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSN OF INDEPENDENT COLLEGES & UNIVERSITIES · lobbying firm or registrant: NATIONAL ASSN OF INDEPENDENT COLLEGES & UNIVERSITIES
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 18, 2025 · issue area: Education
$190,000
Spent on own lobbying
…vernment for fiscal year 2025 H.R. 28 by Steube (R-FL) Protection of Women and Girls in Sports Act of 2025 H.R. 446 by Nehls (R-TX) Endowment Tax Fairness Act. H.R. 713 by Van Duyne (R-TX) Preventing Financial Exploitation in Higher Education Act H.R. 772 by Malliotakis (R-NY) Employer Participation in Repayment Act H. R. 1048…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing