Bill Amendment: FL S0146 | 2016 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Federal Student Loan Default Rates

Status: 2016-03-11 - Died in Appropriations [S0146 Detail]

Download: Florida-2016-S0146-Senate_Committee_Amendment_260942.html

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       Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. SB 146
       
       
       
       
       
       
                                Ì260942'Î260942                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       Appropriations Subcommittee on Education (Ring) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 130 - 187
    4  and insert:
    5         (16) The commission shall deny a renewal of an annual
    6  license for an institution whose federal student loan cohort
    7  default rate exceeds the threshold established in s.
    8  1005.04(1)(d).
    9         Section 3. Present paragraph (e) of subsection (1) of
   10  section 1005.32, Florida Statutes, is redesignated as paragraph
   11  (f), and a new paragraph (e) is added to that subsection, to
   12  read:
   13         1005.32 Licensure by means of accreditation.—
   14         (1) An independent postsecondary educational institution
   15  that meets the following criteria may apply for a license by
   16  means of accreditation from the commission:
   17         (e) The institution’s federal student loan cohort default
   18  rate, as calculated by the United States Department of
   19  Education, does not exceed the threshold established in s.
   20  1005.04(1)(d).
   21  
   22  ================= T I T L E  A M E N D M E N T ================
   23  And the title is amended as follows:
   24         Delete lines 21 - 35
   25  and insert:
   26         cohort default rate exceeds a specified threshold;
   27         amending s. 1005.32, F.S.; revising the minimum
   28         criteria for an independent postsecondary educational
   29         institution to apply for a license by accreditation to
   30         include a maximum threshold for the institution’s
   31         federal student loan cohort default rate; providing an
   32         effective date.