09/24/2026
Two items in your weekly update from Capitol Hill:
📌 Academic Innovation Engine: New Report Highlights $1.7 Trillion GDP Impact of Bayh-Dole
The Bayh-Dole Coalition released a report showing that university and nonprofit technology transfer enabled by the Bayh-Dole Act contributed up to $3.3 trillion in U.S. gross economic output, $1.7 trillion to GDP, and supported 7.6 million job-years between 1996 and 2025. The study also highlights that academic institutions now hold nearly 60 percent of federally funded patents, a 70-fold increase since 1980. This has resulted in over 19,000 startups launched and 17,000 new products introduced over the past 25 years.
Link:https://www.bayhdolecoalition.org/wp-content/uploads/2026/09/The-Economic-Impact-of-the-Bayh-Dole-Act-Report.pdf
📌 FSA Data Center Report: Defaulted Student Debt Reaches 14% of Federally Managed Portfolio
The U.S. Department of Education released updated data to the FSA Data Center showing that the cumulative number of recipients in default increased over the last quarter. Between April and June 2026, the cumulative number of recipients in default increased by approximately 400,000 to more than 9.3 million. Their outstanding federal student loans total $234 billion or approximately 14 percent of the total $1.64 trillion federally managed portfolio, as of June 2026.
Link: https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2026-09-22/federal-student-aid-posts-updated-reports-fsa-data-center