- As detailed in invited testimony before federal and California legislators, we have found that low-income and minority students at for-profit colleges are more likely to borrow, borrow more, and default than their peers at other types of schools. Working with civil rights, consumer, veterans, and college access groups, we have led the way in calling for greater accountability and protecting both students and taxpayers from waste, fraud, and abuse.
- We lead a broad national coalition to raise awareness of risky private education loans and the need for stronger consumer protections. The federal Consumer Financial Protection Bureau has made these loans a major focus: developing consumer tools, taking borrower complaints, and investigating questionable lender practices.
- Our analysis and recommendations led to a California requirement that colleges report their graduates’ average debt, and counsel students seeking private loans if they have not already maxed out on available federal loans and aid.
