Preventing Financial Exploitation in Higher Education Act

This bill establishes financial penalties for institutions of higher education (IHEs) with endowments of $2.5 billion or more that have specified percentages of current and former students who default, are delinquent, or underpay on their federal student loans. The bill also imposes an increased excise tax on net investment income of certain IHEs that increase tuition beyond certain levels.

Learn about this bill’s status and read its full summary in the Pocket Congress app.