AFREF joined a letter in response to the Department of Education’s request for comment on accrediting agencies up for review in February 2023.
Americans for Financial Reform welcomes the introduction of The Students Not Profits Act, let by Representative Pramila Jayapal, and Senators Sherrod Brown and Elizabeth Warren. The for-profit college industry is plagued with bad outcomes for students, has a record of law breaking and abuse, and is responsible for 34% of student loan defaults, despite only enrolling 9% of post-secondary students. The Students Not Profits Act is a welcome and bold step to ensure that public dollars are not supporting and enabling malfeasance.
Today, Rep. Virginia Foxx, Chairwoman of the House Education and the Workforce Committee, introduced a bill to reauthorize the Higher Education Act (HEA) that includes language that opens the floodgates to waste, fraud, and abuse by for-profit colleges.