,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #beei  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bf1 #bjai   
,mr4 ,scott ( ,florida introduc$ !      
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,heal?1 ,education1  
,labor1 & ,p5sions  ,a ,,bill  ,to      
e/abli% c]ta9 requirem5ts = in/itutions 
t p>ticipate 9 ! ,f$]al ,direct loan    
program1 & = o!r purposes4  #a4 ,%ort   
title  ,?is ,act may be cit$ z ! ,/ud5t 
,tra9+ & ,education ,metrics ,act (     
#bjai4  #b4 ,risk-%>+ paym5ts ,section  
#ded ( ! ,high] ,education ,act ( #aife 
7#bj ,u4,s4,c4 #ajhg;d7a77 is am5d$--   
7#a7 9 subsection 7a7--  7,a7 9 p>agraph
 7#e71 by /rik+ & aft] ! semicolon2     
7,b7 by r$esignat+ p>agraph 7#f7 z      
p>agraph 7#h72 &  7,c7 by ins]t+ aft]   
p>agraph 7#e7 ! foll[+3  7#f7 provide t 
! in/itution accepts ! in/itutional     
risk-%>+ requirem5ts "u subsection 7d72 
2 &  7#b7 by add+ at ! end ! foll[+3    
7d7 ,in/itutional risk-,%>+ bas$ on loan
 default  7#a7 ,9 g5]al ,beg9n+ ) fiscal

 ye> #bjbb1 & ea* succe$+ fiscal ye>1   
ea* in/itution ( high] education        
p>ticipat+ 9 ! direct /ud5t loan program
 "u ?is "p %all remit to ! ,secret>y1 at
 su* times z ! ,secret>y may specify1 an
 in/itutional risk-%>+ paym5t1 z det]m9$
 "u p>agraph 7#b74  7#b7 ,det]m9ation ( 
risk-%>+ paym5ts  7,a7 ,det]m9ation (   
cohort loan balance ,! cohort loan      
balance ( an in/itution = a fiscal ye>  
equals ! total pr9cipal am\nt ( all     
loans made "u ?is "p to att5d su*       
in/itution = ! cohort ( borr[]s :o ent]$
 repaym5t1 def]m5t1 or =be>ance on su*  
loans 9 ! ?ird prec$+ fiscal ye> = :i* !
 det]m9ation is made4  7,b7 ,det]m9ation
 ( cohort nonrepaym5t loan balance  ,!  
cohort nonrepaym5t loan balance ( an    
in/itution = a fiscal ye> equals1 f !   
total am\nt ( ! loans describ$ 9        
subp>agraph 7,a71 ! total loan balance (
 ^? borr[]s :o h gone into default 9 !  
#c consecutive fiscal ye>s s9ce _! loans
 ent]$ repaym5t1 def]m5t1 or =be>ance4  
7,c7 ,det]m9ation ( paym5t  ,! risk-%>+ 

paym5t ( an in/itution = a fiscal ye>   
%all equal3  7i7 ,= ! fir/ ye> aft] !   
date ( enactm5t ( ?is ,act1 an am\nt    
equal to #a p]c5t ( ! cohort nonrepaym5t
 loan balance det]m9$ "u subp>agraph    
7,b74  7ii7 ,= ! second ye> aft] ! date 
( enactm5t ( ?is ,act ?r\gh ! n9? ye>   
aft] ! date ( enactm5t ( ?is ,act1 an   
am\nt equal to #b p]c5t ( ! cohort      
nonrepaym5t loan balance det]m9$ "u     
subp>agraph 7,b7 ?r\gh #i p]c5t ( t     
balance1 respectively = ea* ye>4  7iii7 
,= ! t5? ye> aft] ! date ( enactm5t (   
?is ,act1 & = any successive ye>1 an    
am\nt equal to #aj p]c5t ( ! cohort     
nonrepaym5t loan balance det]m9$ "u     
subp>agraph 7,b74  4  #c4 ,program      
integrity  7a7 ,in/itutional report+    
,section #ded ( ! ,high] ,education ,act
 ( #aife 7#bj ,u4,s4,c4 #ajhg;d7a771 z  
am5d$ by section #b1 is fur!r am5d$--   
7#a7 9 subsection 7a71 by ins]t+ aft]   
p>agraph 7#f7 7z add$ by section #b71 ! 
foll[+3  7#g7 provide t ! in/itution w  
collect & report to ! ,secret>y1 by     

,july #a ( ea* ye>1 data reg>d+--  7,a7 
! #f-ye> graduation rate = ea* academic 
program (f]$ at ! in/itution2  7,b7 !   
p]c5tage ( graduates :o are employ$     
full-"t or cont9u+ _! education full-"t 
#a1 #c1 & #e ye>s aft] graduat+2  7,c7 !
 m$ian full-"t wages ( graduates = ea*  
academic program #a1 #c1 & #e ye>s aft] 
graduat+2  7,d7 ! total co/ ( tuition & 
fees = ! m&atory cr$it h\rs necess>y to 
graduate ) a degree = ea* academic      
program2 &  7,e7 ! co/ to graduate ) a  
degree = ea* academic program 7includ+  
tuition1 fees1 room & bo>d1 & books &   
supplies72 &  2 &  7#b7 by add+ at ! end
 ! foll[+3  7e7 ,publicly available     
in=mation ,! ,secret>y %all publi% &    
make publicly available ! data describ$ 
9 subsection 7a77#g74  4  7b7 ,program  
review & data ,section #dih;,a7a77#a7 ( 
! ,high] ,education ,act ( #aife 7#bj   
,u4,s4,c4 #ajii;c-#a7;a77#a77 is am5d$  
by /rik+ title2 & ins]t+  title1 :i*    
%all include annually collect+ &        
report+1 = ea* in/itution-- 7,a7 !      

av]age am\nt ( ,f$]al /ud5t loan debt   
ow$ = an individual /ud5t on ! date (   
graduation f t in/itution2 &  7,b7 !    
rate ( loan def]m5t1 rate ( =be>ance1   
rate ( default1 & rate ( del9qu5cy 7ea* 
express$ sep>ately7 = borr[]s ( all     
,f$]al /ud5t loans1 #e1 #g1 & #aj ye>s  
aft] ! borr[]s' date ( graduation f !   
in/itution2  4  #d4 ,prohibition on     
tuition & fee increases ,an in/itution (
 high] education 7z def9$ 9 section #ajb
 ( ! ,high] ,education ,act ( #aife 7#bj
 ,u4,s4,c4 #ajjb77 %all n be eligible to
 receive any ,f$]al funds if t          
in/itution raises ! am\nt ( tuition &   
fees *>g$ above ! am\nt ( tuition & fees
 *>g$ = ! #bjai-bjbj aw>d ye>4