Reps. Lee, DeLauro Fight to Defend Students Against Predatory Loans

July 16, 2019 by Elin Johnson

WASHINGTON – Representatives Susie Lee, D-Nev., and Rosa DeLauro, D-Conn., have added their names to the growing list of members of Congress who are pushing bills that tackle predatory student loan practices.

Reps. Lee and DeLauro have introduced a new bill that will protect college students from dangerous practices by higher education institutions and student loan distributors. 

The Preventing Risky Operations from Threatening the Education and Career Trajectories (or PROTECT) Act takes direct aim at misleading and fraudulent practices that leave students with enormous amounts of crippling debt.

Democratic Senators Dick Durbin, of New Hampshire, and Maggie Hassan, of Illinois, introduced companion legislation in the Senate earlier this year.

“All students – especially veteran students – deserve access to quality higher education without having to worry about being taken advantage of by predatory institutions looking to make a quick buck at the students’ expense,” said Representative Lee. “For-profit colleges are collapsing left and right, and our students are saddled with skyrocketing debt and an education that often leaves them no better off then they were before they started.”  

“For too long, for-profit colleges have taken advantage of our nation’s students. Students attending these institutions often face poor employment prospects and staggering debt after they graduate—and that is if they are lucky enough to attend a school that does not close down in the process,” Representative DeLauro said. 

In a statement on the bill, both DeLauro and Lee pointed part of the blame toward the U.S. Education Department under Secretary Betsy DeVos.

“In the absence of action by the Trump Administration, the Department of Education, and Secretary Betsy DeVos, Congress needs to step up and protect students,” said DeLauro.

“Under Secretary DeVos, the Department of Education has rolled back oversight of these institutions, opening our students to even more fraud and misleading practices,” Rep. Lee reiterated.  

The Chronicle of Higher Education reports that of the 1,230 college campuses that have closed in the past five years 88 percent are for-profit, which means that 450,000 college students were displaced by their closure. 

Putting this into context, for-profit enrollment makes up one tenth of college enrollment and 85 percent of displaced students. Of those students 70 percent were low income students receiving Pell Grants, and 57 percent were racial minorities (particularly black and latino). 

For-profit colleges market more toward nontraditional students, which includes low-income, single parent, and minority and female students.

For-profit college students also account for half of the loan defaults. Students at for-profit colleges also tend to have more debt than those at nonprofit colleges.

Education

NYC Schools to Close Temporarily Because of Rising COVID-19 rates
Education
NYC Schools to Close Temporarily Because of Rising COVID-19 rates

NEW YORK — New York City public schools will shut down temporarily starting Thursday because of surging coronavirus cases, top city officials said Wednesday. Schools Chancellor Richard Carranza said the closure would be "temporary" in an email to staffers Wednesday afternoon, but did not signal when schools would reopen. Mayor Bill de... Read More

Gen Z Voters Maintain Faith in Democracy, Despite Election Concerns
Research
Gen Z Voters Maintain Faith in Democracy, Despite Election Concerns
November 12, 2020
by Sara Wilkerson

WASHINGTON - In a Georgetown University focus group webinar of voters from Generation Z, the first-time voters expressed their excitement over participating in the democratic process, while at the same time voiced concerns about various influences on the election. The focus group explored how the youngest... Read More

Spanberger, Fitzpatrick Fighting to Omit VA Disability Compensation from Student Aid Consideration
Education
Spanberger, Fitzpatrick Fighting to Omit VA Disability Compensation from Student Aid Consideration
November 11, 2020
by Reece Nations

WASHINGTON – Reps. Abigail Spanberger, D-Va., and Brian Fitzpatrick, R-Pa., jointly introduced legislation Wednesday that would exclude Veterans Affairs Disability Compensation from the list of benefits that have to be reported in a student’s application for Federal Student Aid.  Under current law, VA disability compensation must... Read More

National Press Club Takes Possession of 'Holy Grail of Broadcast Journalism'
Media
National Press Club Takes Possession of 'Holy Grail of Broadcast Journalism'
October 22, 2020
by Dan McCue

WASHINGTON - The BCC microphone used by CBS journalist Edward R. Murrow during his historic broadcast from war-torn London during World War II is taking up temporary residence at the National Press Club this fall. Casey Murrow, the legendary journalist's son, agreed to the loan while... Read More

An Illinois University Got Major Pushback for Cutting Religion, French and Anthropology. But Other Colleges Are Dropping the Humanities too
Religion
An Illinois University Got Major Pushback for Cutting Religion, French and Anthropology. But Other Colleges Are Dropping the Humanities too

CHICAGO — Scott Sheridan didn’t expect his 23 years of teaching at Illinois Wesleyan University to end like this. Though fewer students are pursuing degrees in his areas of study these days, many still participate. This semester, more than 50 students at the campus in Bloomington... Read More

Blue Dogs Host Roundtable Discussion on Rural Education and Workforce Development
Congress
Blue Dogs Host Roundtable Discussion on Rural Education and Workforce Development
October 9, 2020
by Sara Wilkerson

WASHINGTON - This week the Blue Dog Coalition hosted a roundtable discussion with experts in the K-12, higher and tribal education fields on rural education and workforce development. Blue Dog member Rep. Kendra Horn, D-Okla., moderated the roundtable discussion on behalf of the Coalition.  Horn recently... Read More

News From The Well
scroll top