Higher Standards for Higher Education Act

HR 3453, the Higher Standards for Higher Education Act, requires the U.S. Department of Education to collect and report detailed repayment data for specific programs of study at large universities. It applies only to institutions with endowment funds valued at $1 billion or more, mandating annual reports that track key repayment metrics - including default rates, delinquency, forbearance, and payment progress - over two years for students who took out federal student loans. The data must be broken down by individual programs of study, excluding those with too few students to ensure statistical reliability or privacy. This bill focuses on transparency, not changing loan terms or funding.