On the recordFebruary 28, 2012
In what other government program would we somehow say it's all right to keep fuddling taxpayer money without accountability. Specifically, my amendment would retain State authorization requirements for institutions that have below-average graduation rates, below-average annual completion rates and above- average loan-default rates, free up the good-performing institutions to experiment and not holding them accountable to the Carnegie units that continue to reach out and prevent innovation in the education sector. I believe the regulations are reasonable and a relatively low burden on colleges. I think by providing this incentive we could make sure that universities and institutions of higher education that are good custodians of our public dollars are freed up to engage in the kind of innovation that can produce a 21st-century workforce and drive education innovation into the new century. Those that continue that have below-average graduation rates, completion rates, and high default rates will make sure that there is a recourse, a recourse with their States, for those institutions. I strongly urge a ``yes'' vote on this amendment, and I yield back the balance of my time.
