Political Quotes

“I am on the floor with my colleague Senator Schatz from Hawaii to talk about our recent introduction of a piece of legislation entitled ``The College Affordability and Innovation Act of 2014,'' which we introduced along with our good friends Senator Murray of Washington and Senator Sanders of Vermont. By way of framing the conversation we will have today, I wish to speak about one particular college that maybe paints a picture of the crisis we are in today with respect to the mounting cost that confronts kids and families when they want to get a college education and the variety of outcomes--the frankly surprising and often shocking variety of outcomes--that students are getting when they show up at the doors of institutions of education, particularly institutions of for-profit education. Corinthian College is a school in California--not a small one but a pretty big college. It has about 100 campuses in 25 different States. Let me give some statistics about Corinthian College. After about a year, over half of the students who enroll drop out. When they are finished with their education, whether it be to a degree or not, about one-third of all students who go to Corinthian default on their student loans. If 56 percent isn't a bad enough number in terms of 1- year dropout rates, after 4 years, only 6 percent of all the kids who walk in through the doors of Corinthian College get a degree--6 percent of those kids.…”