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S. 4348 (119th Congress)Committee
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PARITY Act

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Summary

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The PARITY Act repeals the 90/10 rule, a federal regulation that requires proprietary (for-profit) schools to derive at least 10 percent of their revenue from non-federal sources to remain eligible for federal student aid programs. The bill removes this revenue requirement from the Higher Education Act of 1965, eliminating a financial accountability measure designed to limit federal student aid concentration at for-profit institutions.

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