FL S0146

Institutions must maintain federal student loan cohort default rates below 30% for 3 consecutive years or at or below 40% in any single year to remain eligible for state grants and licensure

Institutions exceeding the default rate threshold become ineligible for William L. Boyd, IV, Florida Resident Access Grants and Access to Better Learning and Education Grants for incoming students

The Commission for Independent Education must revoke licenses of institutions exceeding the default rate threshold and cannot reinstate until rates fall below the threshold

Federal student loan cohort default rate is added as a minimum standard for evaluating institutions for licensure and license-by-accreditation eligibility

Florida College System and State University System performance funding calculations must take into consideration each institution's federal student loan cohort default rate