For-Profit Colleges Face Heat Again On Hill

Career College Central Summary:
  • Yesterday, APSCU President and CEO Steve Gunderson testified before the Senate Committee on Educational Outcomes for Military and Veterans on the topic of “The 90/10 Rule: Improving Educational Outcomes for our Military and Veterans.”
  • Gunderson argued that it's the rule itself that's the problem: “An institution that is close to the 90 percent threshold is enrolling low-income students in need of postsecondary education. The government should be encouraging this behavior. … This metric undercuts the very reason we have loan and grant programs.”
  • The Consumer Financial Protection Bureau’s Holly Petraeus said the rule gives “some for-profit colleges an incentive to see service members as nothing more than dollar signs in uniform and to use some very unscrupulous marketing techniques.”
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POLITICO

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