This bill would exempt theology, religious vocations, and philosophy and religious studies programs at religiously affiliated colleges and universities from federal requirements that can make schools ineligible for federal student aid if their graduates have low earnings. Currently, the Higher Education Act includes provisions that can cut off federal funding for educational programs if graduates don't earn enough money after graduation, but this bill would carve out an exception for religious and philosophical studies programs at institutions that already qualify for religious exemptions under existing education law. The legislation would apply specifically to schools that are recognized as religious institutions under federal regulations. By preventing these programs from being penalized based on graduate earnings outcomes, the bill aims to protect religious education from being evaluated solely on financial success metrics.