On the recordSeptember 8, 2016
Mr. President, here in this Chamber and in this country of ours, we often talk about the dream of a college education. A college education opens doors, leads to a higher quality of life. A college education can boost our wages and our incomes. A college education is a first-class ticket to the middle class. We often talk about the young people in our communities who have made that dream a reality, and they may not have come from much. Their parents saved what they could. In many cases, they are the first in their family to go to college. They took out loans, they worked nights in many cases and on weekends, they hit the books. In many cases, they graduated with honors. They got good-paying jobs. They raised a family, and they planned to send their kids to college too. That is the dream we talk about, but for too many students across our country today, the dream of a college education has turned into a nightmare. I learned this week that 45,000 college students who were enrolled at a school called ITT Tech awoke and learned that their college was closed--not for a snow day, not for a holiday; ITT Tech closed its doors for good after years of questionable business practices and financial woes. Many of these 45,000 students are living a nightmare this week. They are scrambling to transfer to another school. They are hoping their credits will count elsewhere so they don't have to start over again.…





