PRIA Logo™
119-s-4348119th CongressWALLET

PARITY Act

Sponsored By: Senator Banks, Jim [R-IN]

Introduced

Summary

Removes the '90/10' revenue rule for proprietary colleges. This bill would repeal the parts of the Higher Education Act that implement the 90/10 requirement for proprietary schools by deleting paragraph (24) of subsection (a) and subsection (d) of Section 487 (20 U.S.C. 1094). It contains no additional programs, funding, eligibility changes, phase-in dates, sunsets, or enforcement mechanisms. The change is limited to repealing the identified statutory provisions.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

Remove 90/10 rule for for-profit colleges

This bill would repeal parts of section 487 of the Higher Education Act (20 U.S.C. 1094). It would remove paragraph (24) of subsection (a) and subsection (d). Those provisions implement the "90/10" rule that limited how much revenue for-profit colleges could get from Title IV aid. If enacted, for-profit colleges would be able to rely more on Title IV federal student aid, and that would increase risks for students and taxpayers.

Sponsors & CoSponsors

Sponsor

Banks, Jim [R-IN]

IN • R

Cosponsors

  • Sen. Scott, Rick [R-FL]

    FL • R

    Sponsored 6/9/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation