For-profit 'colleges' giving big to helpful House members

[Bill USA]

For-Profit 'colleges' who's real business is signing up suckers for Governemnt student loans, are paying BIG to grease the skids for legislation which is designed to stop the Executive Branch from even passing legislation to enforce some control in the wild-west realm of For-Profit government Loan application business.



http://www.usatoday.com/story/news/politics/2013/07/23/for-profit-colleges-contributions-house-regulations/2579041/

(emphases my own)

WASHINGTON — House Education Committee Chairman Rep. John Kline, who saw a dramatic upsurge in campaign contributions from for-profit colleges in recent months, is pushing legislation that would help the industry preserve its access to federal student loans.

The measure, "Supporting Academic Freedom through Regulatory Relief Act," was introduced July 10 by the Minnesota Republican and two other members of the education panel and would bar the Obama administration from moving forward with rules to cut off federal student aid to schools whose graduates have high debt ratios and low repayment rates.
Kline's committee approved the bill Wednesday.

A 2012 investigation by the Democratic-controlled Senate Health, Education, Labor and Pensions Committee slammed the for-profit industry over its recruitment practices, high costs and student debt. For-profit colleges educate about 10% of college students, but account for nearly half of student-loan defaults.

.... More than $30 billion in taxpayer funds flow to the schools each year, according to the Senate education panel's report. About 60% of for-profit colleges receive more than 70% of their revenue from U.S. government programs, federal data show.
(more)

[font size="3"] Republicans are concerned about the Public Debt when talking about rates charged on student loans ..but not when it comes to policing For-PROFIT "colleges" who turn out more worthless 'degrees' and defaulted loans than sufficiently educated and duly employed graduates. We wouldn't want Government Financial responsibility get in the way of the cash flows of conmen and crooks, would we GOP?.[/font]

[jonthebru]

1. Another reason to fix the "Citizen's United" decision

There are many. Corporations should absolutely not be permitted to contribute to elected representatives of any ilk who have any say at all regarding their field, whatever that field is.

Make it so.