POST Act of 2021
- Last Action
- 2/23/2021
Actions
- 2021-02-23Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S824)
- 2021-02-23Introduced in Senate
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 (9)
- John Reed (D-RI)
- Richard Blumenthal (D-CT)
- Sherrod Brown (D-OH)
- Maggie Hassan (D-NH)
- Elizabeth Warren (D-MA)
- Brian Schatz (D-HI)
- Thomas Carper (D-DE)
- Tina Smith (D-MN)
- Bernard Sanders (I-VT)
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.