Sec. 4. Updating 90/10 disclosure and data reporting requirements
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Section 487(d) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(d) ) is amended by striking paragraphs
(3)and
(4)and inserting the following: The Secretary shall publicly disclose on the College Navigator, or its successor, website— the name of any proprietary institution of higher education that fails to meet the requirement of subsection (a)(24); and the applicable sanction on such institution that failed to meet such requirement. The Secretary of Veterans Affairs shall— publicly disclose on the GI Bill Comparison Tool website, or its successor, the name of any proprietary institution of higher education that fails to meet the requirement of subsection (a)(24); publicly disclose the applicable sanction on such institution that failed to meet such requirement, and include a caution flag with such disclosure; and remove a caution flag included under clause
(ii)after the Secretary of Education certifies that such institution has demonstrated compliance with the eligibility requirements of subsection (a)(24). Not later than July 1, 2020, and July 1 of each succeeding year, the Secretary shall submit to the authorizing committees a report that contains, for each proprietary institution of higher education that receives Federal educational assistance (as defined in subsection (a)(24)(B)), as provided in the audited financial statements submitted to the Secretary by each institution pursuant to the requirements of subsection (a)(24)— the amount and percentage of such institution's revenues received from Federal educational assistance (as defined in subsection (a)(24)(B)), disaggregated by the source of the assistance; and the amount and percentage of such institution's revenues received from other sources. .
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Sec. 4
Updating 90/10 disclosure and data reporting requirements
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