Sec. 5. Program integrity
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Section 454 of the Higher Education Act of 1965 ( 20 U.S.C. 1087d ), as amended by section 4, is further amended— in subsection (a), by inserting after paragraph
(6)(as added by section 4), the following: provide that the institution will collect and by July 1 of each year report to the Secretary data, in the aggregate and disaggregated by academic major, regarding— the 4-year graduation rate for each academic program offered at the institution; the percentage of graduates who are employed full-time or continuing their education full-time 1, 3, and 5 years after graduating; the median full-time wages of graduates for each academic program 1, 3, and 5 years after graduating; the total cost of tuition and fees for the mandatory credit hours necessary to graduate with a degree for each academic program; the cost to graduate with a degree for each academic program by major (including tuition, fees, room and board, and books and supplies); the average monthly payment due for loans made under part B, D, or E, for graduates of each academic program; the average total student loan debt of graduates for each academic program; and the average 3-year student loan default rate of graduates for each academic program; and ; and by adding at the end the following: The Secretary shall publish and make publicly available the data described in subsection (a)(7). . Section 498A(a)(1) of the Higher Education Act of 1965 ( 20 U.S.C. 1099c–1(a)(1) ) is amended by striking title; and inserting title, which shall include annually collecting and reporting, for each institution— the average amount of Federal student loan debt owed for an individual student on the date of graduation from that institution; and the rate of loan deferment, rate of forbearance, rate of default, and rate of delinquency (each expressed separately) for borrowers of all Federal student loans, 5, 7, and 10 years after the borrowers’ date of graduation from the institution; .
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U.S. Code
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- 20 USC 1099c–1(a)(1)
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