On the recordMay 22, 2018
first let me thank my friend from Georgia for being able to go first and also thank my friend from Illinois, who has been passionate, strong, and effective when it comes to these for- profit colleges. He laid out a strong case. Let me just make one more point which sometimes my colleagues on the other side of the aisle and the Trump administration and Ms. DeVos seem to forget. Who loses money when these for-profits take advantage of the kids? The Federal taxpayers do because the vast majority, the overwhelming percentage of funds that go to these for-profit colleges are from Federal student loans. So this is a waste of taxpayer money. Somehow our Republican colleagues--not all but some--and the Trump administration are willing to have the Treasury basically, in certain ways, be looted. They shrug their shoulders and let the for-profits keep doing it. It is an amazing contradiction. So I thank my colleague Senator Durbin.
