S.Amdt. 1345

1. Adds SEC. 547. DISCLOSURE REQUIREMENTS FOR POSTSECONDARY INSTITUTIONS PARTICIPATING IN DEPARTMENT OF DEFENSE EDUCATION ASSISTANCE PROGRAMS at the end of subtitle D of title V

   Adds a section

   In S. 1867 · Placed on Calendar Senate

   (f) Duration of Waiver Authority.--The authority to grant a waiver under this section expires on September 30, 2016.

   Inserted: SEC. 547. DISCLOSURE REQUIREMENTS FOR POSTSECONDARY INSTITUTIONS PARTICIPATING IN DEPARTMENT OF DEFENSE EDUCATION ASSISTANCE PROGRAMS.

   Inserted: (a) In General.--

   Inserted: (1) Requirement for regulations.--Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense shall, in consultation with the Secretary of Education, prescribe in regulations requirements that postsecondary educational institutions that participate in Department of Defense education assistance programs, as a condition of such participation, to disclose, provide, and make publically available to students certain information about their programs prior to enrollment.

   Inserted: (2) Commencement of compliance.--Postsecondary institutions shall commence compliance with the regulations required by this section on such date, not later than 180 days after the date of the issuance of the regulations, as the Secretary of Defense shall specify in the regulations.

   Inserted: (b) Elements.--The disclosure required under subsection (a) shall include, for each Department of Defense education assistance program offered by a postsecondary institution, the following:

   Inserted: (1) The type of the postsecondary institution (whether public, private non-profit, private for-profit, 4-year, 2-year, or less than 2-year, as applicable).

   Inserted: (2) The disclosure by the postsecondary institution of the following with respect to such program:

   Inserted: (A) Tuition costs.

   Inserted: (B) Applicable fees.

   Inserted: (C) Estimated costs for books and supplies.

   Inserted: (D) Normal time to completion of the program.

   Inserted: (E) Average time to completion of the program.

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   Inserted: (F) Percentage of graduates completing the program in normal time.

   Inserted: (G) Median Federal loan debt incurred by students who completed the program.

   Inserted: (H) Median private loan debt incurred by students who completed the program.

   Inserted: (I) Median institutional loan debt incurred by students who completed the program.

   Inserted: (J) The current accreditation status of the program, including the following:

   Inserted: (i) The most recent date of accreditation of the program.

   Inserted: (ii) Whether accreditation of the program is regional or national.

   Inserted: (iii) If the program is not currently accredited, whether such accreditation is missing, pending, or rescinded.

   Inserted: (K) The level of award offered through the program (whether certificate, associate's degree, bachelor's degree, advanced degree, or other).

   Inserted: (3) The disclosure of such other matters with respect to such program as the Secretary of Defense considers appropriate, including--

   Inserted: (A) transferability of credits;

   Inserted: (B) qualification for relevant examination, certification, or license required as a precondition for employment in the occupation for which the program is represented to prepare the student;

   Inserted: (C) job placement rates, if appropriate, for individuals who undertook the program;

   Inserted: (D) rates of default on Federal student loans for individuals who enrolled in the program; and

   Inserted: (E) comparative data with nearby postsecondary institutions of similar type, student body, and offered programs, if applicable.

   Inserted: (c) Department of Defense Education Assistance Programs.--For purposes of this section, Department of Defense education assistance programs are the programs as follows:

   Inserted: (1) The Tuition Assistance (TA) program.

   Inserted: (2) The Military Spouse Career Advancement Account (MyCAA) program.

   Inserted: (d) Other Definitions.--In this section:

   Inserted: (1) The term "normal time to completion" means the estimated time the institution determines it should take a full-time student to complete the specified program.

   Inserted: (2) The term "average time to completion" means the actual average time it has taken previous students (full-time and part-time) to complete the specified program.

   Original wording

   At the end of subtitle D of title V, add the following:

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As printed