[Congressional Record Volume 164, Number 84 (Tuesday, May 22, 2018)]
[Senate]
[Page S2804]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                          For-Profit Colleges

  Mr. SCHUMER. Mr. President, 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.