Provides additional protections for lower-income students by limiting the cost of OBF products for individuals earning at or below 350 percent of the federal poverty level.
Limit the cost of outcomes-based financing products for students earning at or below 350 percent of the federal poverty level.
Occurrences
Evidence
Sen. Young announced introduction of the bipartisan Outcomes-Based Financing for Students Act, including protections that cap required payments and limit OBF costs for people earning at or below 350 percent of the federal poverty level.
Assessments
Young introduced bipartisan federal legislation on June 26, 2026 that directly includes the promised protection: limiting OBF product costs for individuals earning at or below 350 percent of the federal poverty level. However, the evidence shows bill introduction and policy text, not enactment or implementation, so the promised outcome has not yet been delivered. Because this is a concrete legislative attempt during his current Senate term, it earns an effort badge.