POST Act of 2024

HR 9004, the POST Act of 2024, amends the Higher Education Act to tighten the "85/15 rule" for for-profit colleges receiving federal student aid. It requires these institutions to derive at least 15% of their revenue from non-federal sources (like tuition or specific contracts), with clearer definitions of what counts as valid revenue - excluding funds like book sales, most federal matching payments, and income share agreements unless strictly structured. The bill also mandates annual reports to Congress by the Secretary of Education, detailing each institution's revenue sources from federal aid versus other streams. This directly affects for-profit colleges seeking eligibility for Title IV federal student financial aid programs.