S 4348 · 119th Congress

PARITY Act

This bill would eliminate a federal rule that currently limits how much money for-profit schools (called proprietary schools) can rely on sources other than federal student aid. Right now, these schools must get at least 10% of their revenue from non-federal sources—meaning no more than 90% can come from federal stu…

Sponsor

Banks, Jim (R-Indiana)

Introduced

2026-04-20

Policy area

Education