1. Short title
This Act may be cited as the “90/10 Accountability for All Act”.
90/10 Accountability for All Act
A BILL
To require that all institutions of higher education participating in student financial assistance programs under title IV of the Higher Education Act of 1965 meet certain revenue requirements.
2. Expanding the applicability of the 90/10 rule
in subsection (a)(24), by striking “In the case of a proprietary institution of higher education (as defined in section 102(b)), such institution” and inserting “The institution”; and
in subsection (d)—
in paragraph (1)—
in the matter preceding subparagraph (A), by striking “a proprietary” and inserting “an”;
in subparagraph (A), by striking “, except in” and all that follows through “higher education”;
in subparagraph (C)(iv), by striking “subparagraph (D)(iii)” and inserting “subparagraph (D)(ii)”;
in subparagraph (D)—
by striking clauses (i) and (ii) and inserting the following:
“(i) in the case of loans made by an institution of higher education on or after July 1, 2012, only the amount of loan repayments received during the applicable institutional fiscal year; and”
by redesignating clause (iii) as clause (ii); and
in clause (ii), as redesignated by subclause (II)—
by striking “a proprietary” and inserting “an institution”; and
by inserting “and” after the semicolon at the end;
by striking subparagraph (E); and
by redesignating subparagraph (F) as subparagraph (E);
in paragraph (2)—
in subparagraph (A)—
by striking “A proprietary” and inserting “An”; and
by striking “a proprietary” and inserting “an”; and
in subparagraph (B), by striking “a proprietary” and inserting “an”;
in paragraph (3)(A), by striking “proprietary”; and
in paragraph (4), by striking “proprietary”.
Effective date— The amendments made by this section shall take effect on July 1, 2020.