Student Protection Act

HR 7879, the Student Protection Act, amends the Higher Education Act of 1965 to clarify what constitutes a "change of ownership" for educational institutions. It adds "a court-ordered receivership" to the list of scenarios triggering specific requirements under Section 498(i)(2). This change directly affects higher education institutions undergoing court-supervised financial restructuring, ensuring they meet federal reporting and student protection standards during such transitions. The bill makes a technical update to existing law without creating new programs or funding.