DECIDE Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2700 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 2700

  To improve transparency and accountability for Federal student loan 
                               borrowers.


_______________________________________________________________________


                   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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Debt, Earnings, and Cost Information 
Disclosure for Education Act'' or the ``DECIDE Act''.

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:
            (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.
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