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119-hr-9580119th CongressWALLET

PARITY Act

Sponsored By: Representative Harris, Mark [R-NC-8]

Introduced

Summary

Removes the 90/10 revenue cap for proprietary schools that receive Title IV federal student aid. The PARITY Act would repeal Section 487(a)(24) and subsection (d) of the Higher Education Act of 1965 to eliminate the percentage-based limit on where proprietary schools can get revenue for Title IV eligibility.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Repeal 90/10 rule for for-profit colleges

If enacted, the bill would repeal the "90/10" revenue rule in section 487 of the Higher Education Act. This would remove the requirement that for-profit (proprietary) colleges get at least 10% of their revenue from non-Title IV sources to stay eligible for federal student aid. For-profit schools that take Title IV funds would no longer face that percentage limit. That could let those colleges receive a larger share of federal student aid. It could also raise risks for students and borrowers, like lower program quality or higher loan default risk. The bill does not specify an effective date.

Sponsors & CoSponsors

Sponsor

Harris, Mark [R-NC-8]

NC • R

Cosponsors

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 7/6/2026

  • Rep. Messmer, Mark B. [R-IN-8]

    IN • R

    Sponsored 7/9/2026

  • Rep. Fine, Randy [R-FL-6]

    FL • R

    Sponsored 9/2/2026

Roll Call Votes

No roll call votes available for this bill.

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