On the recordNovember 4, 2015
Mr. President, there are two problems here. Normally, when something is a waste of taxpayer money, it is not usually also harmful to individuals across the country, but this is a double whammy. This is harming students, causing them to collectively incur tens of billions of dollars' worth of debt, and it is a waste of money, so this really is a double whammy. I will make this final point: The Obama administration has done the right thing in terms of going after malfeasance in this space, but they are split among their executive agencies. We have the Department of Justice who understands the fraud and deception. We even have parts of the U.S. DOE that understands what is going on, yet they have been slow on the uptake in terms of using the authority under the statute to make the accreditation process a little more reliable when it comes to students. I think that is one of the key things that we are going to be able to accomplish in the next couple of years. The U.S. DOE has to understand that there are separate accrediting agencies, but under the higher education statute, U.S. DOE has the authority to make sure that no institution that is providing a low-quality education and no institution that is engaging in fraud and deception ought to avail themselves of tens of billions of dollars in Federal financing.
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