S. 2700

119th CONGRESS 1st Session

To improve transparency and accountability for Federal student loan borrowers.

IN THE SENATE OF THE UNITED STATES · September 3, 2025 · Sponsor: Mr. Husted · Committee: Committee on Health, Education, Labor, and Pensions

Table of contents

• S. 2700
  • SEC. 1. Short title
  • SEC. 2. Improving transparency and accountability for student loan borrowers

SEC. 1. Short title

• This Act may be cited as the or the .

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:
    • 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 ()) for enrollment in such program during the academic year that is 10 years before the year of the determination, regardless of completion status. 20 U.S.C. 1070 et seq.
    • 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.
    • 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.
    • 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.
    • The default rate of students who completed the program, as determined by the Secretary of Education.
    • 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:
    • The cohort default rate.
    • The repayment rate.
    • 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.
    • 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:
    • 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)