TICAS Response to Sen. Alexander’s White Paper and Request for Information on Accountability

TICAS authored a response to Sen. Alexander’s white paper and request for information about accountability in higher education. We assert that the cohort default rate remains critical for reducing the most devastating repayment outcome a borrower can face, the 90-10 rule should be strengthened to minimize taxpayer risk and protect military-connected students, and eliminating the gainful employment rule will lead to waste, fraud, and abuse at students’ and taxpayers’ expense. Our conclusion is that meaningful accountability is not one-size-fits-all, does not skimp on consumer protections, or leave students and taxpayers on the hook.