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CS/SB 880: Student Loan Default Rates

GENERAL BILL by Higher Education ; Ring

Student Loan Default Rates; Requiring certain institutions to maintain a federal student loan cohort default rate below a specified percentage; revising the minimum standards the Commission for Independent Education must use to evaluate an institution for licensure to include the institution’s federal student loan cohort default rate; revising the minimum criteria for an independent postsecondary educational institution to apply for a license by accreditation to include a maximum percentage for the institution’s federal student loan cohort default rate, etc.

Effective Date: 7/1/2015
 Last Action: 5/1/2015 Senate - Died in Appropriations
Bill Text: Web Page | PDF
Senate Committee References:
  1. Higher Education (HE)
  2. Appropriations Subcommittee on Education (AED)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
2/12/2015 Senate • Filed
2/20/2015 Senate • Referred to Higher Education; Appropriations Subcommittee on Education; Appropriations -SJ 92
3/3/2015 Senate • Introduced -SJ 92
3/18/2015 Senate • On Committee agenda-- Higher Education, 03/23/15, 4:00 pm, 412 Knott Building
3/23/2015 Senate • CS by Higher Education; YEAS 9 NAYS 0 -SJ 259
3/25/2015 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations Subcommittee on Education -SJ 259
3/30/2015 Senate • On Committee agenda-- Appropriations Subcommittee on Education, 04/02/15, 9:00 am, 412 Knott Building
3/31/2015 Senate • CS by Higher Education read 1st time -SJ 270
4/2/2015 Senate • Subcommittee Recommendation: Favorable by Appropriations Subcommittee on Education; YEAS 7 NAYS 0 -SJ 344
• Now in Appropriations -SJ 344
5/1/2015 Senate • Died in Appropriations