In response to:

Senate Fiddles While College Debt Explodes

spudmomof6 Wrote: Nov 20, 2012 8:41 PM
As the owner of a small. for-profit (HA!) career college, I am considered guilty until proven innocent by government from the state to the fed. While my state-sponsored colleagues blatantly flout their own accreditation requirements, I am subject to annual records audits, must purchase "going out of business insurance" to make sure my students will be reimbursed if I close a program, and cannot be included in school materials provided by local foundations to all high school seniors. But, then, my students have a 98% graduation rate and most complete with little or no debt, in less than half the time of their public school counterparts. My grads have a higher certification rate, too. No profit since 2008, though. I must deserve it.

America’s accumulated college-loan debt will surpass $1 trillion this year; what is our leadership doing about it? The Obama Administration took over the student loan market and expanded Pell Grants, but hasn’t accomplished anything to address the root cause of the crisis: exploding college fees and related costs. The only thing they’ve done is criticize innovators and entrepreneurs.

The Senate Committee on Health, Education, Labor, and Pensions (HELP), chaired by Senator Tom Harkin (D-Iowa), issued a new report calling into question the costs and performance of For-Profit universities. There are actually hundreds of these schools, perhaps the most well-known being University...