The Student Protection and Success Act aims to enhance accountability among higher education institutions by linking their eligibility for federal student aid to student loan repayment rates. The legislation seeks to ensure that schools effectively support their students in managing and repaying loans, thereby safeguarding students from institutions that fail to promote financial success. Starting in fiscal year 2028, any institution with a loan repayment rate of 15 percent or lower will lose eligibility for federal student aid for that year and the following two years.