,i  #aagth ,,congress  #b;d ,session    
,h4 ,r4 #ifci  ,,in ,,the ,,house ,,of  
,,representatives  ,december #bj1       
#bjbb,ms4 ,van ,duyne introduced the    
following bill2 which was referred to   
the ,committee on ,education and ,labor 
,a ,,bill  ,to require the ,secretary of
 ,education to report default and other 
data for each program of study of       
certain institutions of higher education
 for which the ,secretary annually      
reports cohort default data under the   
,higher ,education ,act of #aife4  #a4  
,short title ,this ,act may be cited as 
the ,higher ,standards for ,higher      
,education ,act4  #b4 ,collection and   
reporting of default data for certain   
programs of study ,section #dce7m77#d7  
of the ,higher ,education ,act of #aife 
7#bj ,u4,s4,c4 #ajhe7m77#d77 is amended 
by adding at the end the following3     
7,e7 ,program of study reporting        
requirements  7i7 ,in general ,subject  
to clause 7ii71 for each fiscal year    
beginning after the date of enactment of

 the ,higher ,standards for ,higher     
,education ,act1 the ,secretary shall   
include in the annual report required   
under subparagraph 7,c71 for each       
covered institution for which a cohort  
default rate is calculated under this   
subsection for a fiscal year1 the       
following with respect each program of  
study of such institution in which one  
or more current and former students at  
the institution who enter repayment in  
that fiscal year on ,federal ,direct    
,stafford ,loans1 ,federal ,direct      
,,plus ,loans1 or ,federal ,direct      
,unsubsidized ,stafford ,loans1 received
 for attendance at the institution1 are 
enrolled 7in the case of a current      
student7 or were most recently enrolled 
prior to entering repayment 7in the case
 of a former student73 7,i7 ,the number 
of those current and former students who
 enter repayment on such loans 7or on   
the portion of a ,federal ,direct       
,consolidation ,loan that is used to    
repay any such loans7 in that fiscal    

year4  7,,ii7 ,of the students          
identified in subclause 7,i71 the       
percentage who default on any such loan 
before the end of the second succeeding 
fiscal year following the fiscal year in
 which the students entered repayment4  
7,,iii7 ,of such students1 the          
percentage who are between #ca and #cfj 
days delinquent on any such loan before 
the end of such second succeeding fiscal
 year4  7,,iv7 ,of such students1 the   
percentage who are in forbearance on any
 such loan before the end of such second
 succeeding fiscal year4  7,v7 ,of such 
students1 the percentage who are in     
deferment on any such loan before the   
end of such second succeeding fiscal    
year4  7,,vi7 ,of such students1 the    
percentage who-- 7aa7 have been making  
regular payments on such loans1 but for 
whom-- 7,,aa7 on any day before the end 
of such second succeeding fiscal year1  
the sum of the outstanding balance due  
on such loans1 exceeds 7,,bb7 the sum of
 the outstanding balance due on such    

loans on the date that is one year      
preceding the day in subitem 7,,aa72 and
  7bb7 are not described in subclauses  
7,,ii7 through 7,v74  7,,vii7 ,of such  
students1 the percentage who--  7aa7    
have been making regular payments on    
such loans1 and for whom-- 7,,aa7 on any
 day before the end of such second      
succeeding fiscal year1 the sum of the  
outstanding balance due on such loans1  
is less than 7,,bb7 the sum of the      
outstanding balance due on such loans on
 the date that is one year preceding the
 day in subitem 7,,aa72 and  7bb7 are   
not described in subclauses 7,,ii7      
through 7,v74  7,,viii7 ,of such        
students1 the percentage who1 before the
 end of such second succeeding fiscal   
year-- 7aa7 are making regular payments 
on such loans1 and for whom-- 7,,aa7 the
 sum of the outstanding balance due on  
such loans1 is less than 7,,bb7 the sum 
of the original balance due on such     
loans2 and  7bb7 are not described in   
subclauses 7,,ii7 through 7,v74  7,,ix7 

,of such students1 the percentage who   
have paid each such loan in full before 
the end of such second succeeding fiscal
 year4  7,x7 ,of such students1 the     
percentage whose obligation to repay all
 such loans has been discharged under   
section #dcg before the end of such     
second succeeding fiscal year4  7ii7    
,exclusion of certain programs of study 
,the ,secretary shall exclude under     
clause 7i7 information with respect to  
any program of study if the number of   
students 7or former students7 of such   
program is insufficient to yield        
statistically reliable information or   
the results would reveal personally     
identifiable information about an       
individual student 7or former student74 
7iii7 ,definitions ,in this             
subparagraph3 7,i7 ,covered institution 
,the term covered institution means an  
institution that is the beneficiary of  
an endowment fund that has a total value
 of not less than #a1jjj1jjj1jjj4       
7,,ii7 ,endowment fund ,the term        

endowment fund means a fund established 
by ,state law1 by an institution of     
higher education1 or by a foundation    
which is exempt from ,federal income    
taxation and is maintained for the      
purpose of generating income for the    
support of the institution1 but which   
shall not include real estate  4