Dems Demand More Regs On For-Profit Colleges
Career College Central Summary:
Democratic lawmakers are calling for more federal regulations and oversight of for-profit colleges. Sens. Dick Durbin (D-Ill.), Tom Harkin (D-Iowa) and Rep. Elijah Cummings (D-Md.) touted the support of more than a dozen attorneys general for their Proprietary Education Oversight Coordination Improvement Act, which would allow the federal government to increase accountability standards for the colleges.
“Since my investigation of for-profit colleges, the need for close cooperation between education, consumer protection, and financial focused agencies has become apparent,” Harkin said Tuesday.
“This bill will ensure that oversight of these companies continues and that suspect practices are more quickly identified and addressed.”
Cummings said attorneys general need Congress to ensure that for-profit are no longer “exploiting the federal student aid system and failing their students.”
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