Bonamici: DeVos, Department of Education 'putting the interests of for-profit colleges first and the interests of students last'
Congresswoman Suzanne Bonamici released a statement this morning that was critical of Education Secretary Betsy DeVos and the Department of Education's recent decision to further delay requirements that colleges comply with a rule protecting student loan borrowers.
The regulation, known as the Gainful Employment rule, prohibits career education programs at both for-profit and non-profit institutions from continuing to access federal student aid if graduates have high debt-to-income ratios. The rule requires that a typical graduate's annual loan repayment is no more than 20 percent of their discretionary income, or eight percent of their total earnings.
This week, the Department of Education further extended the appeals deadline for colleges challenging the data used to create a financial profile of their typical graduate.
"Yet again Secretary DeVos and Trump's Department of Education are putting the interests of for-profit colleges first and the interests of students last," said Bonamici. "By extending the appeals deadline and removing minimum data reporting requirements, the Department is robbing students of the information they need to make informed decisions about their education. The Department's actions absolve institutions of their responsibility to educate and prepare students to be gainfully employed. I urge the Department to rethink these harmful measures and advance policies and safeguards that protect all students and prepare them for good-paying jobs."
Bonamici is the vice ranking member of the House Education and Workforce Committees.