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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