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Senator Plans Bill to Limit Federal Funds at For-Profit Colleges

Senator Plans Bill to Limit Federal Funds at For-Profit Colleges
January 23, 2012

Senator Dick Durbin, an Illinois Democrat, is today planning to introduce legislation that would limit the federal funds going to for-profit colleges for the education of veterans, The Chicago Tribune reported. The legislation would reduce from 90 to 85 percent the share of revenue for-profit colleges can receive from federal student aid funds. Further, the bill would count veterans benefits in that total, not just Education Department aid, as is currently the law. Durbin is among a number of lawmakers who have said that some for-profit colleges are taking advantage of veterans, who have generous education benefits. Brian Moran, interim president of the Association of Private Sector Colleges and Universities, criticized the planned legislation. "Senator Durbin's reported legislation on recruiting will only cut off access for thousands of veterans to the skill-intensive, hands-on programming and intensive job-placement support that veterans transitioning into the workplace need," he said.

 

 

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