Janice Hahn: “Over the last decade, we have seen too many for-profit colleges deceive their students and mismanage their finances, all…”

“Over the last decade, we have seen too many for-profit colleges deceive their students and mismanage their finances, all while reaping millions of dollars in Federal funding. It is critical that we hold institutions accountable for delivering quality education, but we must also protect the students who fall victim to these schools and ensure that they don't have to live with the mistakes of the college, should they close. That is why I have introduced the Protecting Students from Failing Institutions Act, which ensures every student who was enrolled at a school that closed the campus has the assurance that their Federal loans will be forgiven and their Pell grants restored. Career Colleges of America, a for-profit college with a campus in my district in South Gate, abruptly closed earlier this year, abandoning hundreds of students, with tens of thousands of dollars in student loan debt and no degree to show for it. That is inexcusable, and our students deserve better. There have been instances of other for-profit schools that have closed across this country. I am going to continue--and I hope you do too--to work to protect hardworking students in my district across the country from these shameful predatory practices. ____________________”