[Congressional Record (Bound Edition), Volume 162 (2016), Part 9]
[House]
[Page 11929]
[From the U.S. Government Publishing Office, www.gpo.gov]




                          FOR-PROFIT COLLEGES

  (Mrs. DAVIS of California asked and was given permission to address 
the House for 1 minute.)
  Mrs. DAVIS of California. Mr. Speaker, ITT Tech, like other for-
profit colleges before it, has misled students and mismanaged funds.
  Mr. Speaker, for-profit schools are often where our most vulnerable 
students seek brighter futures, students going back to their education 
after years away, single parents and veterans, and students with 
limited means. These students frequently receive financial aid, and the 
school's recklessness can do irreparable damage to their ability to 
complete their degrees, and ruin their credit ratings.
  Over a quarter of all Department of Education student aid funds, a 
third of all post-9/11 GI benefits, and half of DOD tuition assistance 
funds go to for-profit colleges.
  Shouldn't we make sure these Federal funds are a worthwhile 
investment?
  We must remember that beyond the dollar amounts and industry 
regulations, there are students' lives at risk, and doing right by them 
protects their interests and our competitiveness in our global economy.

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