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H.R. 3496

POST Act of 2013

Protecting Our Students and Taxpayers Act of 2013 or the POST Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require proprietary institutions of higher education to derive at least 15% of their revenue from sources other than federal funds or become ineligible for title IV funding. (Currently, the 90/10 rule requires these schools to derive at least 10% of their revenue from sources other than title IV or become ineligible for title IV funding.)

Defines "federal funds" as federal financial assistance provided through a grant, contract, subsidy, loan, guarantee, insurance, or other means to a proprietary institution, including federal financial assistance that is provided to an institution on behalf of a student or to a student to attend the institution. Excludes monthly housing stipends provided under the Post-9/11 Veterans Educational Assistance program from consideration as federal funds.

Limits what a proprietary institution may treat as revenue to the school in calculating whether it derives at least 15% of its revenue from non-federal funds.

Referred to the Subcommittee on Higher Education and Workforce Training.

Rep. Cohen, Steve [D-TN-9](D-TN)Sponsor
3 cosponsors3 D
3cosponsors1committees4actions1related bills6subjects
  • Introduced in HouseNov 14, 2013
  1. Committee

    Referred to the Subcommittee on Higher Education and Workforce Training.

  2. IntroReferralH11100

    Referred to the House Committee on Education and the Workforce.

  3. IntroReferralIntro-H

    Introduced in House

  4. IntroReferral1000

    Introduced in House

POST Act of 2013 — Informed