POST Act of 2024

S 4701 (POST Act of 2024) amends the Higher Education Act to tighten the "85/15 rule" for for-profit colleges receiving federal student aid. It requires these institutions to derive at least 15% of their revenue from non-federal sources, defining precisely which income counts (like tuition, campus-based student activities, or non-federal job training contracts) and which does not (such as book sales, certain federal funds, or income share agreements without clear terms). The bill also mandates annual reports to Congress detailing each institution’s revenue sources. This directly affects for-profit colleges seeking federal student aid eligibility under Title IV, with failure to comply risking loss of aid for at least two years.