Senate proposal for Higher Education Renewal Act

According to the Chronicle of Higher Education, the US Senate has drafted an extensive rewrite of the Act.  Much of it focuses on financial aid and "For-Profit" colleges with high student default rates.  The article states:

In the Senate, Democrats released a summary of legislation to reauthorize the Higher Education Act that they plan to introduce on Wednesday. Asreported last week in The Chronicle, the bill would create several new grant programs aimed at reducing college costs, crack down on for-profit colleges, and take steps to reduce student-loan defaults.
Not to be outdone, Republicans in the House of Representatives issued awhite paper outlining their priorities for reauthorizing the Higher Education Act, and promised legislation to that end later this week. Their plan calls for radically simplifying federal student-aid and loan-repayment programs, encouraging online and competency-based learning, and easing the regulatory burden on colleges.

Financial aid is a major factor on the Compton campus.  This should be monitored closely.