Ineligibility based on low earning outcomes

Section 454(c) of the Higher Education Act of 1965 (20 U.S.C. 1087d(c)) is amended— (1) in paragraph (1)— (A) by striking Notwithstanding section 481(b), and inserting the following: (A) In General Notwithstanding section 481(b),; (B) by striking an educational program and inserting a covered educational program; and (C) by adding at the end the following: (B) Covered educational program In this subsection, the term covered educational program means an eligible program under this title that is— (i) a program of training to prepare students for gainful employment in a recognized occupation (such as a program that awards a certificate or credential), or a program that awards an associate's degree; (ii) a program that awards an associate's degree or a baccalaureate degree; or (iii) a program that awards a graduate or professional degree, or graduate certificate.; (2) in paragraph (2), by striking An educational program at an institution is described in this paragraph if the program awards an undergraduate degree, graduate or professional degree, or graduate certificate, for which and inserting A covered educational program at an institution is described in this paragraph if the program is a program for which; (3) in paragraph (3)— (A) in subparagraph (A)— (i) in the matter preceding clause (i), by striking an educational program and inserting a covered educational program; (ii) in clause (iii)(I), by striking an educational program that awards a baccalaureate or lesser degree, and inserting a covered educational program described in clause (i) or (ii) of paragraph (1)(B),; and (iii) in clause (iii)(II), by striking a graduate or professional program, and inserting a covered educational program described in clause (iii) of paragraph (1)(B),; and (B) in subparagraph (B)— (i) in the matter preceding clause (i), by striking an educational program and inserting a covered educational program; (ii) in clause (i), in the matter preceding subclause (I), by striking that awards a baccalaureate or lesser degree and inserting that is a covered educational program described in clause (i) or (ii) of paragraph (1)(B),; and (iii) in clause (ii), in the matter preceding subclause (I), by striking that is a graduate or professional program and inserting that is a covered educational program described in clause (iii) of paragraph (1)(B),; (4) in paragraph (4)— (A) by striking an educational program and inserting a covered educational program; and (B) by inserting covered before educational programs; (5) in paragraph (5)— (A) by striking An educational program and inserting A covered educational program; and (B) by striking the educational program and inserting the covered educational program; (6) in paragraph (6)(A)— (A) by striking an educational program and inserting a covered educational program; and (B) by striking the educational program and inserting the covered educational program, each place the term appears; and (7) in paragraph (7), by striking an educational program and inserting a covered educational program.