Combating Predatory Lending in Higher Education Act of 2023

This bill amends the Higher Education Act to expand how student loan default rates are calculated and reported. It requires colleges to include Federal Direct PLUS Loans taken by parents and loans under section 428B (for graduate students) in default rate calculations, which previously excluded these loan types. This change directly affects institutions of higher education, as their reported default rates will now reflect these additional loans. The policy update aims to provide a more complete picture of borrower repayment patterns by including these specific loan categories in federal reporting.