,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bgjj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #c1 #bjbe    
,mr4 ,hu/$ 7= himself & ,mr4 ,tub]ville7
 introduc$ ! foll[+ bill2 :i* 0 read    
twice & ref]r$ to ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to improve transp>5cy &     
acc\ntability = ,f$]al /ud5t loan       
borr[]s4  #a4  ,%ort title  ,?is ,act   
may be cit$ z ! ,debt1 ,e>n+s1 & ,co/   
,in=mation ,disclosure = ,education ,act
 or ! ,,decide ,act4  #b4  ,improv+     
transp>5cy & acc\ntability = /ud5t loan 
borr[]s  7a7  ,program-,level data  ,!  
,secret>y ( ,education %all exp& &      
update annually ! ,college ,scorec>d1 or
 any successor1 ) ! foll[+ program-level
 data = ea* c]tificate1 degree1         
graduate1 & pr(essional program = :i*   
/ud5ts are eligible to receive ,f$]al   
/ud5t aid3  7#a7 ,! m$ian annual e>n+s (
 ! programmatic cohort ( /ud5ts :o      
receiv$ ,f$]al funds 7includ+ ,f$]al    
,pell ,grants or /ud5t loans "u title   

,,iv ( ! ,high] ,education ,act ( #aife 
7#bj ,u4,s4,c4 #ajgj et seq477 =        
enrollm5t 9 su* program dur+ ! academic 
ye> t is #aj ye>s be=e ! ye> ( !        
det]m9ation1 reg>dless ( completion     
/atus4  7#b7 ,! m$ian am\nt ( ,f$]al    
,direct ,/af=d ,loan debt1 z det]m9$ by 
! ,secret>y ( ,education1 t borr[]s (   
su* loans :o complet$ ! program _h at ! 
"t !y ent]$ repaym5t on su* ,f$]al      
,direct ,/af=d ,loans4  7#c7 ,9 ! case (
 a graduate or pr(essional program1 !   
m$ian am\nt ( ,graduate ,f$]al ,direct  
,,plus loan debt1 z det]m9$ by !        
,secret>y ( ,education1 t borr[]s ( su* 
loans :o complet$ ! program _h at ! "t  
!y ent]$ repaym5t on su* ,graduate      
,,plus loans4  7#d7 ,! m$ian am\nt (    
,p>5t ,f$]al ,direct ,,plus loan debt1 z
 det]m9$ by ! ,secret>y ( ,education1 = 
/ud5ts :o complet$ ! program & on ^:    
behalf a p>5t borr[$ su* ,p>5t ,,plus   
loans4  7#e7 ,! default rate ( /ud5ts :o
 complet$ ! program1 z det]m9$ by !     
,secret>y ( ,education4  7#f7 ,!        

repaym5t rate4  7b7 ,in/itution-,level  
data ,! ,secret>y ( ,education %all exp&
 & update annually ! ,college ,scorec>d1
 or any successor1 ) ! foll[+           
in/itution-level data3  7#a7 ,! cohort  
default rate4  7#b7 ,! repaym5t rate4   
7#c7 ,! rate ( default on ,graduate     
,f$]al ,direct ,,plus loans1 z det]m9$  
by ! ,secret>y ( ,education1 & !        
repaym5t rate ( su* loans = /ud5ts :o   
receiv$ su* loans = att5dance at !      
in/itution4  7#d7 ,! rate ( default on  
,p>5t ,f$]al ,direct ,,plus loans1 z    
det]m9$ by ! ,secret>y ( ,education1 & !
 repaym5t rate ( su* loans = /ud5ts on  
^: behalf a p>5t borr[$ su* loans = !   
/ud5t's att5dance at ! in/itution4  7c7 
,def9itions  ,9 ?is ,act3 7#a7 ,cohort  
default rate ,! t]m cohort default rate 
has ! mean+ giv5 ! t]m 9 section #dce7m7
 ( ! ,high] ,education ,act ( #aife 7#bj
 ,u4,s4,c4 #ajhe7m774  7#b7  ,repaym5t  
rate  7,a7  ,9 g5]al  ,! t]m repaym5t   
rate means ! %>e ( borr[]s t graduat$ ) 
,f$]al /ud5t loans 9 repaym5t t belong  

to a /atus category describ$ 9          
subp>agraph 7,b71 #b ye>s aft] ent]+    
repaym5t4  7,b7  ,/atus categories  ,!  
/atus categories %all be det]m9$ by !   
,secret>y ( ,education & may include !  
categories3 mak+ progress1 n mak+       
progress1 def]m5t1 paid 9 full1         
=be>ance1 default$1 del9qu5t1 & dis*>g$4
  7,c7  ,exclusions  ,! repaym5t rate   
%all exclude private /ud5t loans &      
,f$]al loans orig9at$ at a diff]5t      
in/itution4