,,ii #aafth ,,congress #ast ,session ,s4 #beei ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #bf1 #bjai ,mr4 ,scott of ,florida introduced the following bill2 which was read twice and referred to the ,committee on ,health1 ,education1 ,labor1 and ,pensions ,a ,,bill ,to establish certain requirements for institutions that participate in the ,federal ,direct loan program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,student ,training and ,education ,metrics ,act of #bjai4 #b4 ,risk-sharing payments ,section #ded of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;d7a77 is amended-- 7#a7 in subsection 7a7-- 7,a7 in paragraph 7#e71 by striking and after the semicolon2 7,b7 by redesignating paragraph 7#f7 as paragraph 7#h72 and 7,c7 by inserting after paragraph 7#e7 the following3 7#f7 provide that the institution accepts the institutional risk-sharing requirements under subsection 7d72 2 and 7#b7 by adding at the end the following3 7d7 ,institutional risk-,sharing based on loan default 7#a7 ,in general ,beginning with fiscal year #bjbb1 and each succeeding fiscal year1 each institution of higher education participating in the direct student loan program under this part shall remit to the ,secretary1 at such times as the ,secretary may specify1 an institutional risk-sharing payment1 as determined under paragraph 7#b74 7#b7 ,determination of risk-sharing payments 7,a7 ,determination of cohort loan balance ,the cohort loan balance of an institution for a fiscal year equals the total principal amount of all loans made under this part to attend such institution for the cohort of borrowers who entered repayment1 deferment1 or forbearance on such loans in the third preceding fiscal year for which the determination is made4 7,b7 ,determination of cohort nonrepayment loan balance ,the cohort nonrepayment loan balance of an institution for a fiscal year equals1 from the total amount of the loans described in subparagraph 7,a71 the total loan balance of those borrowers who have gone into default in the #c consecutive fiscal years since their loans entered repayment1 deferment1 or forbearance4 7,c7 ,determination of payment ,the risk-sharing payment of an institution for a fiscal year shall equal3 7i7 ,for the first year after the date of enactment of this ,act1 an amount equal to #a percent of the cohort nonrepayment loan balance determined under subparagraph 7,b74 7ii7 ,for the second year after the date of enactment of this ,act through the ninth year after the date of enactment of this ,act1 an amount equal to #b percent of the cohort nonrepayment loan balance determined under subparagraph 7,b7 through #i percent of that balance1 respectively for each year4 7iii7 ,for the tenth year after the date of enactment of this ,act1 and for any successive year1 an amount equal to #aj percent of the cohort nonrepayment loan balance determined under subparagraph 7,b74 4 #c4 ,program integrity 7a7 ,institutional reporting ,section #ded of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;d7a771 as amended by section #b1 is further amended-- 7#a7 in subsection 7a71 by inserting after paragraph 7#f7 7as added by section #b71 the following3 7#g7 provide that the institution will collect and report to the ,secretary1 by ,july #a of each year1 data regarding-- 7,a7 the #f-year graduation rate for each academic program offered at the institution2 7,b7 the percentage of graduates who are employed full-time or continuing their education full-time #a1 #c1 and #e years after graduating2 7,c7 the median full-time wages of graduates for each academic program #a1 #c1 and #e years after graduating2 7,d7 the total cost of tuition and fees for the mandatory credit hours necessary to graduate with a degree for each academic program2 and 7,e7 the cost to graduate with a degree for each academic program 7including tuition1 fees1 room and board1 and books and supplies72 and 2 and 7#b7 by adding at the end the following3 7e7 ,publicly available information ,the ,secretary shall publish and make publicly available the data described in subsection 7a77#g74 4 7b7 ,program review and data ,section #dih;,a7a77#a7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajii;c-#a7;a77#a77 is amended by striking title2 and inserting title1 which shall include annually collecting and reporting1 for each institution-- 7,a7 the average amount of ,federal student loan debt owed for an individual student on the date of graduation from that institution2 and 7,b7 the rate of loan deferment1 rate of forbearance1 rate of default1 and rate of delinquency 7each expressed separately7 for borrowers of all ,federal student loans1 #e1 #g1 and #aj years after the borrowers' date of graduation from the institution2 4 #d4 ,prohibition on tuition and fee increases ,an institution of higher education 7as defined in section #ajb of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajjb77 shall not be eligible to receive any ,federal funds if that institution raises the amount of tuition and fees charged above the amount of tuition and fees charged for the #bjai-bjbj award year4