As part of their budget reconciliation bill, House Republicans proposed new legislation aimed at dramatically reshaping the foundation of American higher education for the worse — raising costs for students, jeopardizing access to financial aid and dismantling consumer protections. As part of this package, Congress is poised to eliminate hard-won protections like the 90/10 rule, which safeguards veterans and other service members from deceptive college marketing schemes.
The 90/10 rule was created by Congress in the early 1990s to protect students and taxpayers from fraud and abuse in federal student aid programs. It aims to ensure for-profit colleges provide a quality education by requiring them to earn at least 10% of their revenue from sources other than federal aid. The idea being that if students or employers are willing to pay out of pocket, the program must be worth the cost.
The above excerpt was originally published in Stars and Stripes.
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