Combating Predatory Lending in Higher Education Act of 2023
May 15, 2025
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Where This Stands
Currently in_committee. The next step in the legislative lifecycle is Floor Vote.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →The Frame
If passed, this bill would change how the Department of Education tracks loan defaults, potentially impacting how colleges are evaluated based on the repayment success of their students and parents.
Potentially affected actors named in the source documents. Mention is not a position.
Higher education institutions
Colleges and universities will have their official default rates calculated using a broader set of loan data, which may impact their institutional standing.
Parent borrowers
Repayment data for Federal Direct PLUS loans will now be explicitly included in federal default rate reporting.
Graduate students
Repayment data for graduate student loans will be included in the updated cohort default rate calculations.
Current stage: in_committee.
Floor Vote.
Summary
Key Facts
- The bill amends the Higher Education Act of 1965 to include parent loans (Federal Direct PLUS) and graduate student loans in the definition of 'cohort default rate'.
- The Secretary of Education is required to collect and report default rates for these specific loan types.
- The definition of 'students' for default rate calculations is expanded to explicitly include parents who receive Federal Direct PLUS loans or section 428B loans on behalf of dependent students.
- The amendments apply to Federal Direct Consolidation Loans.
- The changes take effect starting the first fiscal year following the date of the bill's enactment.
Frequently Asked Questions
What is a cohort default rate?
How does this bill change current reporting?
Why It Matters
If passed, this bill would change how the Department of Education tracks loan defaults, potentially impacting how colleges are evaluated based on the repayment success of their students and parents.
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Expansion of Default Reporting
The bill shifts the focus of default reporting from primarily undergraduate student loans to include parent and graduate-level debt.
Connected Entities
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy30Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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