Political Quotes

“Mr. President, a few years ago, a woman who works in my office in Chicago--who actually cleans up the office in the evenings-- was so excited when she learned that her daughter had been accepted to college. It was a dream come true for a woman who had immigrated to the United States, taken some of the hardest, most menial manual jobs in the hopes that her daughter, one day, would have a better life. She sat down with my chief of staff in Chicago to tell her about the details, and immediately, we knew there was much more to the story. Her daughter had been accepted not just to another college or university; she had been accepted to a for-profit college in the Chicagoland area. The for-profit colleges and universities are notorious. The numbers tell the story, two separate numbers: 9 percent of all postsecondary students go attend for-profit colleges and universities--University of Phoenix, DeVry, very well-known names--9 percent of students go to those schools, but 33 percent of all of the federal student loan defaults are students from for-profit colleges and universities. Why? Why is this one category of higher education so notorious for students starting and ending up deeply in debt to the point where they cannot pay it back? Well, the reasons are simple and very obvious. They overcharge the students, and they undereducate them. They make promises that are wild and cannot be kept.…”