DECIDE Act

119 S2700 IS: Debt, Earnings, and Cost Information Disclosure for Education Act U.S. Senate 2025-09-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 2700 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. 1. Short title This Act may be cited as the Debt, Earnings, and Cost Information Disclosure for Education Act or the DECIDE Act . 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.