,,ii  #aah? ,,congress  #a/ ,session    
,s4 #ccee  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #bi1 #bjbc,mr4
 ,scott ( ,florida introduc$ ! foll[+   
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,heal?1 ,education1       
,labor1 & ,p5sions  ,a ,,bill  ,to      
require in/itutions ( high] education   
p>ticipat+ 9 ,f$]al f9ancial aid        
programs to pay a p]c5tage ( ! co/ (    
att5dance = ea* enroll$ full-"t /ud5t1  
bas$ on ! end[m5t fund ( ! in/itution1 &
 = o!r purposes4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,*ang+ ,our ,le>n+1
 ,loans1 ,end[m5ts1 & ,graduation       
,expectations ,act or ! ,,college ,act4 
#b4 ,co/ mat* requirem5t ,"p ,g ( title 
,,iv ( ! ,high] ,education ,act ( #aife 
7#bj ,u4,s4,c4 #ajhh et seq47 is am5d$  
by add+ at ! end ! foll[+3  #did;,a4    
,co/ mat* requirem5t & co/ & end[m5t    
report  7a7 ,co/ mat* requirem5t  7#a7  
,9 ,g5]al ,= ea* aw>d ye>1 ea*          
in/itution ( high] education p>ticipat+ 
9 a program "u ?is title t has an       

end[m5t fund t is ma9ta9$ = ! purpose ( 
g5]at+ income = ! support ( ! in/itution
 & is great] ?an #a1jjj1jjj1jjj %all pay
 ! cov]$ p]c5tage ( ! co/ ( att5dance = 
ea* full-"t /ud5t enroll$ at !          
in/itution ( high] education4  7#b7     
,cov]$ p]c5tage ,! cov]$ p]c5tage %all  
be3 7,a7 ,9 ! case ( an in/itution (    
high] education t has an end[m5t fund t 
is great] ?an #a1jjj1jjj1jjj1 b less ?an
 #e1jjj1jjj1jjj1 #be p]c5t4  7,b7 ,9 !  
case ( an in/itution ( high] education t
 has an end[m5t fund t is #e1jjj1jjj1jjj
 or great]1 b less ?an #aj1jjj1jjj1jjj1 
#ej p]c5t4  7,c7 ,9 ! case ( an         
in/itution ( high] education t has an   
end[m5t fund t is #aj1jjj1jjj1jjj or    
great]1 #ge p]c5t4  7b7 ,co/ & end[m5t  
report ,n lat] ?an ,july #a ( ea* ye>1  
ea* in/itution ( high] education        
p>ticipat+ 9 a program "u ?is title %all
 submit a report to ! ,secret>y conta9+ 
! foll[+ in=mation3 7#a7 ,! total co/ ( 
att5dance = a full-"t /ud5t = ! upcom+  
aw>d ye>4  7#b7 ,if ! total co/ (       

att5dance = ! upcom+ aw>d ye> is great] 
?an ! co/ ( att5dance = ! prior aw>d    
ye>-- 7,a7 ! am\nt ( ! increase 9 ! co/ 
( att5dance f ! prior aw>d ye>2 &  7,b7 
an explanation ( ! basis = su* increase4
  7#c7 ,a /atem5t ( :e!r ! in/itution ( 
high] education has an end[m5t fund1 &  
if s-- 7,a7 ! am\nt ( ! end[m5t fund z (
 ! date ! report is submitt$2 &  7,b7 ! 
total increase 9 ! am\nt ( ! end[m5t    
fund ov] ! prec$+ #d fiscal qu>t]s1     
specify+ ! gr[? attributable to-- 7i7   
contributions to ! end[m5t fund1 includ+
 *>itable donations1 gifts1 beque/s1 &  
simil> contributions ( money or assets2 
&  7ii7 inve/m5ts ( am\nts 9 ! end[m5t  
fund1 includ+ bonds1 securities1 asset  
acquisitions or sales1 & simil> f9ancial
 inve/m5ts & transactions4  4  #c4      
,program p>ticipation agreem5t ,section 
#dhg7;a7 ( ! ,high] ,education ,act (   
#aife 7#bj ,u4,s4,c4 #ajid7;a77 is am5d$
 by add+ at ! end ! foll[+3  7#cj7 ,!   
in/itution w-- 7,a7 pay ! cov]$ p]c5tage
 ( ! co/ ( att5dance = ea* full-"t      

enroll$ /ud5t1 z describ$ 9 section     
#did;,a7a72 &  7,b7 annually submit !   
co/ & end[m5t report describ$ 9 section 
#did;,a7b74  4  #d4 ,risk-%>+ paym5ts = 
,f$]al ,direct ,loans ,section #ded ( ! 
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajhg;d7a77 is am5d$-- 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+ ) ! fir/
 fiscal ye> t beg9s aft] ! date (       
enactm5t ( ! ,,college ,act1 & 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 equal1 = ! fir/ fiscal  
ye> aft] ! date ( enactm5t ( ! ,,college
 ,act ?r\gh ! tw5ty-fif? fiscal ye> aft]
 su* date1 an am\nt equal to #a p]c5t ( 
! cohort nonrepaym5t loan balance       
det]m9$ "u subp>agraph 7,b7 ?r\gh #be   

p]c5t ( t balance1 respectively1 = ea*  
ye>4  4  #e4 ,program integrity  7a7    
,in/itutional report+ ,section #ded ( ! 
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajhg;d71 z am5d$ by section  
#d1 is fur!r am5d$-- 7#a7 9 subsection  
7a71 by ins]t+ aft] p>agraph 7#f7 7z    
add$ by section #d71 ! foll[+3  7#g7    
provide t ! in/itution w collect & by   
,july #a ( ea* ye> report to ! ,secret>y
 data1 9 ! aggregate & disaggregat$ by  
academic major1 reg>d+-- 7,a7 ! #d-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 by major  
7includ+ tuition1 fees1 room & bo>d1 &  

books & supplies72  7,f7 ! av]age mon?ly
 paym5t due = loans made "u "p ,b1 ,d1  
or ,e1 = graduates ( ea* academic       
program2  7,g7 ! av]age total /ud5t loan
 debt ( graduates = ea* academic        
program2 &  7,h7 ! av]age #c-ye> /ud5t  
loan default rate ( graduates = ea*     
academic program2 &  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