119-s2700

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2700 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 2700

 To improve transparency and accountability for Federal student loan 
 borrowers.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 September 3, 2025

 Mr. Husted (for himself and Mr. Tuberville) introduced the following 
 bill; which was read twice and referred to the Committee on Health, 
 Education, Labor, and Pensions

_______________________________________________________________________

 A BILL

 To improve transparency and accountability for Federal student loan 
 borrowers.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Debt, Earnings, and Cost Information 
Disclosure for Education Act'' or the ``DECIDE Act''.

SEC. 2. IMPROVING TRANSPARENCY AND ACCOUNTABILITY FOR STUDENT LOAN 
 BORROWERS.

    (a) Program-Level Data.--The Secretary of Education shall expand 
and update annually the College Scorecard, or any successor, with the 
following program-level data for each certificate, degree, graduate, 
and professional program for which students are eligible to receive 
Federal student aid:

    (1) The median annual earnings of the programmatic cohort 
 of students who received Federal funds (including Federal Pell 
 Grants or student loans under title IV of the Higher Education 
 Act of 1965 (20 U.S.C. 1070 et seq.)) for enrollment in such 
 program during the academic year that is 10 years before the 
 year of the determination, regardless of completion status.

    (2) The median amount of Federal Direct Stafford Loan debt, 
 as determined by the Secretary of Education, that borrowers of 
 such loans who completed the program had at the time they 
 entered repayment on such Federal Direct Stafford Loans.

    (3) In the case of a graduate or professional program, the 
 median amount of Graduate Federal Direct PLUS loan debt, as 
 determined by the Secretary of Education, that borrowers of 
 such loans who completed the program had at the time they 
 entered repayment on such Graduate PLUS loans.

    (4) The median amount of Parent Federal Direct PLUS loan 
 debt, as determined by the Secretary of Education, for students 
 who completed the program and on whose behalf a parent borrowed 
 such Parent PLUS loans.

    (5) The default rate of students who completed the program, 
 as determined by the Secretary of Education.

    (6) The repayment rate.

    (b) Institution-Level Data.--The Secretary of Education shall 
expand and update annually the College Scorecard, or any successor, 
with the following institution-level data:

    (1) The cohort default rate.

    (2) The repayment rate.

    (3) The rate of default on Graduate Federal Direct PLUS 
 loans, as determined by the Secretary of Education, and the 
 repayment rate of such loans for students who received such 
 loans for attendance at the institution.

    (4) The rate of default on Parent Federal Direct PLUS 
 loans, as determined by the Secretary of Education, and the 
 repayment rate of such loans for students on whose behalf a 
 parent borrowed such loans for the student's attendance at the 
 institution.
            (c) === Definitions. ===
-In this Act:

    (1) Cohort default rate.--The term ``cohort default rate'' 
 has the meaning given the term in 

section 435
            (m) of the Higher 
 Education Act of 1965 (20 U.S.C. 1085
            (m) ).

    (2) Repayment rate.--
        (A) In general.--The term ``repayment rate'' means 
 the share of borrowers that graduated with Federal 
 student loans in repayment that belong to a status 
 category described in subparagraph
        (B) , 2 years after 
 entering repayment.
        (B) Status categories.--The status categories shall 
 be determined by the Secretary of Education and may 
 include the categories: making progress, not making 
 progress, deferment, paid in full, forbearance, 
 defaulted, delinquent, and discharged.
            (C) Exclusions.--The repayment rate shall exclude 
 private student loans and Federal loans originated at a 
 different institution.
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