,,ii  #aaith ,,congress  #ast ,session  
,s4 #bgjj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #c1 
#bjbe ,mr4 ,husted 7for himself and ,mr4
 ,tuberville7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,health1           
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to improve transparency and    
accountability for ,federal student loan
 borrowers4  #a4  ,short title  ,this   
,act may be cited as the ,debt1         
,earnings1 and ,cost ,information       
,disclosure for ,education ,act or the  
,,decide ,act4  #b4  ,improving         
transparency and accountability for     
student loan borrowers  7a7             
,program-,level data  ,the ,secretary of
 ,education shall expand and update     
annually the ,college ,scorecard1 or any
 successor1 with the following          
program-level data for each certificate1
 degree1 graduate1 and professional     
program for which students are eligible 
to receive ,federal student aid3  7#a7  

,the median annual earnings of the      
programmatic cohort of students who     
received ,federal funds 7including      
,federal ,pell ,grants or student loans 
under title ,,iv of the ,higher         
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajgj et seq477 for enrollment in such  
program during the academic year that is
 #aj years before the year of the       
determination1 regardless of completion 
status4  7#b7 ,the median amount of     
,federal ,direct ,stafford ,loan debt1  
as determined by the ,secretary of      
,education1 that borrowers of such loans
 who completed the program had at the   
time they entered repayment on such     
,federal ,direct ,stafford ,loans4  7#c7
 ,in the case of a graduate or          
professional program1 the median amount 
of ,graduate ,federal ,direct ,,plus    
loan debt1 as determined by the         
,secretary of ,education1 that borrowers
 of such loans who completed the program
 had at the time they entered repayment 
on such ,graduate ,,plus loans4  7#d7   

,the median amount of ,parent ,federal  
,direct ,,plus loan debt1 as determined 
by the ,secretary of ,education1 for    
students who completed the program and  
on whose behalf a parent borrowed such  
,parent ,,plus loans4  7#e7 ,the default
 rate of students who completed the     
program1 as determined by the ,secretary
 of ,education4  7#f7 ,the repayment    
rate4  7b7 ,institution-,level data ,the
 ,secretary of ,education shall expand  
and update annually the ,college        
,scorecard1 or any successor1 with the  
following institution-level data3  7#a7 
,the cohort default rate4  7#b7 ,the    
repayment rate4  7#c7 ,the rate of      
default on ,graduate ,federal ,direct   
,,plus loans1 as determined by the      
,secretary of ,education1 and the       
repayment rate of such loans for        
students who received such loans for    
attendance at the institution4  7#d7    
,the rate of default on ,parent ,federal
 ,direct ,,plus loans1 as determined by 
the ,secretary of ,education1 and the   

repayment rate of such loans for        
students on whose behalf a parent       
borrowed such loans for the student's   
attendance at the institution4  7c7     
,definitions  ,in this ,act3 7#a7       
,cohort default rate ,the term cohort   
default rate has the meaning given the  
term in section #dce7m7 of the ,higher  
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajhe7m774  7#b7  ,repayment rate  7,a7 
,in general  ,the term repayment rate   
means the share of borrowers that       
graduated with ,federal student loans in
 repayment that belong to a status      
category described in subparagraph 7,b71
 #b years after entering repayment4     
7,b7  ,status categories  ,the status   
categories shall be determined by the   
,secretary of ,education and may include
 the categories3 making progress1 not   
making progress1 deferment1 paid in     
full1 forbearance1 defaulted1           
delinquent1 and discharged4  7,c7       
,exclusions  ,the repayment rate shall  
exclude private student loans and       

,federal loans originated at a different
 institution4