# 119-s-4114: Student Protection and Success Act

119-s-4114, Student Protection and Success Act, is a 119th Congress bill sponsored by Sen. Shaheen, Jeanne [D-NH] (D-NH); status introduced; PRIA reads it as touching household money (as of 2026-07-25).

- Canonical: https://policyrisk.com/legislation/119-s-4114
- As of: 2026-07-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4114
- Congress: 119
- Title: Student Protection and Success Act
- Status: introduced
- Introduced: 2026-03-17
- Sponsor: Sen. Shaheen, Jeanne [D-NH] (D-NH)
- Cosponsors: 1
- Policy area: Education
- Touches household money: yes
- Last recorded action: 2026-07-25

## Summary

**Ties colleges' federal eligibility to student loan repayment performance.** The bill would create a risk-sharing payment system for institutions and a College Opportunity Bonus grant stream that link federal aid and institutional funding to cohort loan repayment rates. - Institutions: Colleges with a cohort repayment rate of 15 percent or less would become ineligible for federal aid programs for that year and the two following years. A formal appeals process would let schools continue participation while appealing but could require a payment if the appeal fails. - Students and families: Students at low-repayment institutions could lose access to Pell Grants and federal loans, affecting affordability. Institutions with repayment above 25 percent could earn College Opportunity Bonus grants to expand need-based aid and student services. - Funding and accountability: Institutions would face risk-sharing remittances typically equal to 2.0 percent of a defined base, with a cap tied to 2.5 percent of annual revenues and investment returns. The bill would require publication of repayment rates, notices to at-risk institutions, and new reporting definitions for student service spending.

## Cosponsors (1)

- Sen. Young, Todd [R-IN] (R-IN), 2026-03-17T00:00:00.000Z

## Provisions PRIA read

- College grants for Pell students: benefit, medium. If enacted, the bill would create College Opportunity Bonus grants beginning in fiscal year 2028 for institutions with cohort repayment rates above 25%. Grants would be funded only from the risk-sharing payments the Department collects. Awards would be set by a formula that equally weighs (1) the n…
- New fees for colleges with bad repayment: cost, medium. If enacted, institutions in the Direct Loan program would pay an annual risk-sharing fee starting in fiscal year 2028 tied to borrower nonrepayment. The base would use the cohort of loans for borrowers who entered repayment, deferment, or forbearance in the third preceding fiscal year and count bor…
- New rules for low repayment schools: mixed, high. If enacted, the Department of Education would publish each institution's cohort repayment rate starting in fiscal year 2028. A school with a cohort repayment rate of 15% or less would become ineligible for Title IV programs for that year and the two following fiscal years. That loss of eligibility…

## Related bills

- 119-s-3659: SECURE Minerals Act of 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-257: Promoting Resilient Supply Chains Act of 2025
- 119-s-4576: Jewish American Security Act
- 119-s-1639: American Innovation and Jobs Act

## Sources
- [119-s-4114 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4114)

## Related
- [119-s-3659: SECURE Minerals Act of 2026](https://policyrisk.com/legislation/119-s-3659)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-257: Promoting Resilient Supply Chains Act of 2025](https://policyrisk.com/legislation/119-s-257)
- [119-s-4576: Jewish American Security Act](https://policyrisk.com/legislation/119-s-4576)
- [119-s-1639: American Innovation and Jobs Act](https://policyrisk.com/legislation/119-s-1639)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4114 (as of 2026-07-25).