Streamlining Accountability and Value in Education for Students Act
- Introduced Jun 14
- Committee Jun 14
- Passed Senate Next
- Passed House Not yet
- To President Not yet
- Law Not yet
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Summary
Streamlining Accountability and Value in Education for Students Act
Full summary3 paragraphs
This bill addresses options for student loan repayment and access to federal student loans.
Specifically, the bill reduces the number of repayment options for federal student loans. Currently, a borrower may choose among nine plans for student loan repayment. This bill reduces those options to two: a standard 10-year repayment plan and an income-driven repayment plan.
The bill also requires an institution of higher education (IHE) that participates in federal student aid programs to certify that no federal student aid funds may be used by students for certain educational programs offered by the IHE. In particular, these funds may not be used by (1) an undergraduate student for enrollment in an educational program in which half of the graduates do not earn more than the median high school graduate, and (2) a graduate student for enrollment in an educational program in which half of the graduates do not earn more than the median bachelor's degree recipient.
Library of Congress summary, Jun 14, 2023
- Introduced in SenateJun 14, 2023
Actions
- SenateIntroduced in SenateJun 14, 2023
- SenateRead twice and referred to the Committee on Health, Education, Labor, and Pensions.Jun 14, 2023
Bill record
Text versions1
- Introduced in SenateJun 14, 2023PDF: Introduced in Senate
Committees1
- Senate Health, Education, Labor, and Pensions CommitteeReferred To Jun 14, 2023
Sponsor and cosponsors2 cosponsors
- Sen. John Cornyn (R-TX)Sponsor, Jun 14, 2023
- Bill Cassidy (R-LA)OriginalJoined Jun 14, 2023
- Tommy Tuberville (R-AL)Joined Jul 11, 2023
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
- Streamlining Accountability and Value in Education for Students ActShort Title(s) as Introduced
- A bill to amend the Higher Education Act of 1965 to provide for loan repayment simplification and income-driven repayment reform.Official Title as Introduced
Subjects1
Related bills1
- S. 1972 118th, Related bill Lowering Education Costs and Debt Act
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.