What does Preamble of PARITY Act do?

This bill aims to repeal the 90/10 rule as it applies to proprietary schools. The repeal pertains to title IV of the Higher Education Act of 1965.

What does SHORT TITLE. of PARITY Act do?

This Act is formally titled the Promoting Access and Revenue Integrity Through Institutional Transparency Act.

What does REGULATORY RELIEF. of PARITY Act do?

This section amends the Higher Education Act of 1965. Specifically, it repeals paragraph (24) of subsection (a) of Section 487. It also repeals subsection (d) of Section 487.

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PARITY Act

Last updated: 4/20/2026 · Introduced: 4/20/2026

Author: Jim Banks (R-IN)

TL;DR (AI)

This bill eliminates the 90/10 rule for proprietary schools, allowing them to use more than 10% of federal student aid funds for non-Title IV expenses.
The bill amends the Higher Education Act of 1965 by repealing specific sections related to the 90/10 rule.
The Act is formally named the Promoting Access and Revenue Integrity Through Institutional Transparency Act.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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