Political Quotes

“yesterday Senator Harkin of Iowa, the Chairman of the Senate HELP Committee, joined me in reintroducing a bill called Protecting Our Students and Taxpayers or the POST Act. I am pleased that supporting our efforts are the Education Trust, U.S. PIRG, the National Association of College Admissions Counseling, the Military Officers Association of America, and the Young Invincibles. Since 1992, Congress has required for-profit schools to derive a portion of their revenue from non-Federal sources. Most people would be surprised to learn how these for-profit schools are really totally upside down. Many depend almost exclusively on Federal money. They are private schools, very profitable, and yet often most of their money comes from the Federal Government. If you took this segment of our economy, for-profit schools, and made it a Federal agency, it would be the ninth largest Federal agency. That is how much money we put into for-profit schools. Who are these schools? Well, young people, particularly high school age or college age, they know them by name. They are the ones that come bombarding you on the Internet with solicitations to please come join our for-profit school. You cannot get on a CTA bus in Chicago, or on the subway in New York without being inundated with all of these schools trying to sign up young people. There are three numbers which everyone should understand when they take a look at the for-profit school industry.…”