The U.S. House of Representatives education committee unanimously approved sweeping legislation last week that would create a plethora of new grant programs for colleges and students while holding institutions accountable for skyrocketing tuition.
The 747-page bill to reauthorize, or renew, the Higher Education Act would impose dozens of new reporting requirements on colleges, requiring institutions to disclose everything from their transfer-of-credit policies to the details of their arrangements with lenders.It would also require colleges to crack down on illegal downloading and soften some of the restrictions on the receipt of federal aid by for-profit institutions.
Source Chronicle of Higher Education November 20 2007
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