Donna Shalala: “Today millions of Americans are working to pay off their student debt. This is already an enormous burden for those who…”

“Today millions of Americans are working to pay off their student debt. This is already an enormous burden for those who have graduated from reputable schools, but it is nearly impossible for those who attend schools that failed to live up to their responsibilities to their students. Predatory for-profit institutions recruit students with false promises and leave them with worthless degrees and thousands of dollars of debt. These schools are prone to sudden closure, leaving students stranded, with no recourse to continue their education. The College Affordability Act works to solve these pressing issues that plague far too many students. The bill would prevent sudden closure of colleges by requiring creditors to act on warning signs. Finally, it would close the GI Bill loophole that allows for-profit colleges to take advantage of our brave veterans. I urge my colleagues to support this crucial legislation and hold the schools accountable to their students. ____________________”