S 383
POST Act of 2021
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The POST Act of 2021 aims to protect students and taxpayers by increasing the revenue requirements for for-profit colleges receiving federal student aid. Specifically, it raises the minimum percentage of a school’s revenue that must come from sources other than federal funds from 10% to 15%. The bill also clarifies the definition of ‘federal funds’ to exclude monthly housing stipends from the Post-9/11 Educational Assistance Program. Furthermore, it mandates regular reporting from these institutions to Congress regarding their revenue sources.
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