Sec. 8. Improved determination of cohort default rates; publication of default prevention plan
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Section 435 of the Higher Education Act of 1965 ( 20 U.S.C. 1085 ) is amended— in subsection (a)— in paragraph (2), by adding at the end the following new subparagraph: In any case where the Secretary has determined that the institution has engaged in default manipulation, the Secretary— shall recalculate the cohort default rate for the institution under this section using corrected data and information, for all fiscal years for which the default manipulation has occurred; and using the recalculated cohort default rate, shall redetermine under subsection (a)(2) whether the institution is ineligible to participate in a program under this title. ; and in paragraph (7)(A), by adding at the end the following new clause:
Upon receiving technical assistance from the Secretary under clause (ii), each institution subject to this subparagraph shall— prepare a summary of the plan described under clause
(i)that is directed to a student audience; make the summary publicly available; and provide the summary to students at the institution. ; and in subsection (m)(3), by striking through the use of and all that follows through the period at the end and inserting through default manipulation .
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Sec. 8
Improved determination of cohort default rates; publication of default prevention plan
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