DECIDE Act

S 2700, the DECIDE Act, requires the U.S. Department of Education to expand the College Scorecard with specific, annual data to improve transparency for student loan borrowers. It mandates program-level details like median 10-year earnings for graduates, median debt amounts (including Stafford, Graduate PLUS, and Parent PLUS loans), default rates, and repayment rates for each certificate, degree, and professional program. Institution-level data will include cohort default rates, repayment rates, and specific PLUS loan default/repayment metrics. This directly affects prospective and current students making education decisions by providing concrete financial outcomes data for comparison. The law aims to give borrowers clear, standardized information about long-term costs and outcomes tied to specific academic programs.