119th (2025–2027)
H.R. 9580
The PARITY Act would repeal the 90/10 rule that currently limits for-profit schools' federal student aid revenue. Under current law, proprietary schools must derive at least 10 percent of their revenue from non-federal sources, meaning no more than 90 percent can come from federal student aid programs. This bill would eliminate that requirement entirely, allowing for-profit schools to rely almost exclusively on federal student loans and grants without restriction. The legislation would primarily affect for-profit educational institutions and their students who use federal financial aid. No specific funding amounts or implementation timelines are outlined in the bill text.