Sec. 2013. Modification of revenue requirements for proprietary institutions of higher education
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Section 487(a)(24) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(a)(24) ) is amended by striking funds provided under this title and inserting Federal funds that are disbursed or delivered to or on behalf of a student to be used to attend such institution (referred to in this paragraph and subsection
(d)as . Federal education assistance funds ) Section 487(d) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(d) ) is amended— in the subsection heading, by striking Non-title IV and inserting Non-Federal ; and in paragraph (1)(C), by striking funds for a program under this title and inserting Federal education assistance funds . The amendments made under this section shall— be subject to the master calendar requirements under section 482 of the Higher Education Act of 1965 ( 20 U.S.C. 1089 ) and the public involvement and negotiated rulemaking requirements under section 492 of the Higher Education Act of 1965 ( 20 U.S.C. 1098a ), except that such negotiated rulemaking shall commence not earlier than October 1, 2021; and apply to institutional fiscal years beginning on or after January 1, 2023.
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Sec. 2013
Modification of revenue requirements for proprietary institutions of higher education
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