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S. 4114119th CongressIn committeeLatest action Mar 17, 2026Decoded by AI · checked against the record
Official title: Student Protection and Success Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
Starting in 2028, colleges where too few borrowers repay loans could lose federal student aid for three years.
50-second read · 5 questions answered below
The Student Protection and Success Act would cut off colleges from federal student loans, Pell Grants, and other federal aid for three years if 15% or fewer of their borrowers make even a $1 loan payment within two years of entering repayment, starting in 2028. It also creates a "College Opportunity Bonus Program" giving grants to colleges with strong repayment rates (above 25%) and many low-income students, and a "risk-sharing" system charging colleges penalties based on borrower repayment failures.
The bill mainly affects colleges and universities in federal financial aid programs, particularly for-profit or under-resourced schools with poor repayment outcomes, and their students.
Schools losing aid eligibility could leave enrolled students without access to federal loans or grants, while poor-performing schools face financial penalties meant to push better student outcomes.
Colleges with low repayment rates would face financial penalties tied to borrower repayment failures, and schools that lose an aid appeal after continuing to receive loan funds during the appeal must repay the government.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.