Washington, DC – The Career College Association (CCA) urged Congress to extend the Secretary of Education’s authority to purchase student loans from lenders. In April of this year, Congress enacted and the President signed the Ensuring Continued Access to Student Loans Act (ECASLA) of 2008. The law allowed the Secretary of Education to purchase loans …
CCA called on California governor Arnold Schwarzennegger to veto SB 823, legislation to regulate career colleges in the state.
CCA agreed that a regulatory oversight regime is needed to protect the interests of students and noted that it supports reasonable regulation. In the letter, CCA President Harris N. Miller noted, however, “…SB 823 would impose a regulatory regime on career colleges that is complex, costly, confusing and ultimately counterproductive. CCA member schools operate in all 50 states and Puerto Rico, and, without doubt, I can tell you that if SB 823 becomes law, California will have the most complex and convoluted regulatory scheme in the country.”
The Association placed problems with the bill into four major categories: