1. Short title This Act may be cited as the Safeguarding Student Veterans Act . 2. Department of Education heightened cash monitoring status Section 487(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(c) ) is amended by adding at the end the following: (8) In a case in which, pursuant to paragraph (1)(B), the Secretary makes payments to an eligible institution using the heightened cash monitoring payment method due to the determination that the institution fails to meet reasonable standards of financial responsibility or appropriate institutional capability for the administration of a program of student financial aid under this title, not later than 5 days after such determination with respect to the institution and on an ongoing basis thereafter, the Secretary of Education shall provide to the Secretary of Veterans Affairs— (A) notice of such determination