[Congressional Record (Bound Edition), Volume 160 (2014), Part 8]
[House]
[Page 11002]
[From the U.S. Government Publishing Office, www.gpo.gov]




             PROTECT STUDENTS FROM FAILING INSTITUTIONS ACT

  (Ms. HAHN asked and was given permission to address the House for 1 
minute.)
  Ms. HAHN. Mr. Speaker, over the last decade, we have seen too many 
for-profit colleges deceive their students and mismanage their 
finances, all while reaping millions of dollars in Federal funding.
  It is critical that we hold institutions accountable for delivering 
quality education, but we must also protect the students who fall 
victim to these schools and ensure that they don't have to live with 
the mistakes of the college, should they close.
  That is why I have introduced the Protecting Students from Failing 
Institutions Act, which ensures every student who was enrolled at a 
school that closed the campus has the assurance that their Federal 
loans will be forgiven and their Pell grants restored.
  Career Colleges of America, a for-profit college with a campus in my 
district in South Gate, abruptly closed earlier this year, abandoning 
hundreds of students, with tens of thousands of dollars in student loan 
debt and no degree to show for it. That is inexcusable, and our 
students deserve better.
  There have been instances of other for-profit schools that have 
closed across this country.
  I am going to continue--and I hope you do too--to work to protect 
hardworking students in my district across the country from these 
shameful predatory practices.

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