POST Act of 2021
- Last Action
- 2/23/2021
Actions
- 2021-02-23Referred to the House Committee on Education and Labor.
- 2021-02-23Introduced in House
- 2021-02-23Introduced in House
CRS Summary
As of 2021-02-23 (00)
Protecting Our Students and Taxpayers Act of 2021 or the POST Act of 2021
This bill requires a for-profit institution of higher education (IHE), in order to participate in federal student-aid programs, to derive at least 15% of its revenue from sources other than federal funds. Current law requires a for-profit IHE to derive at least 10% of its revenue from sources other than federal funds.
The bill also expands the definition of federal funds to include GI education benefits, with an exception for the monthly housing stipend provided under the Post-9/11 Educational Assistance Program.
Cosponsors (3)
- BARBARA LEE (D-CA)
- ANNA ESHOO (D-CA)
- Alan Lowenthal (D-CA)
Subjects
- Congressional oversight
- Education programs funding
- Higher education
- Student aid and college costs
- Veterans' education, employment, rehabilitation
- Veterans' loans, housing, homeless programs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.