By rolling back federal rules designed to protect students and taxpayers from abuse at the hands of predatory colleges, the Trump Administration is putting students across the country at risk. We commend the California Assemblymembers seeking to instill state backstops to ensure that Californians, and the integrity of the state’s financial aid programs, remain protected regardless of what happens in Washington. More than half of student loan defaulters in California hail from for-profit colleges, and more than 30,000 Californians have filed for loan discharges based on mistreatment by their college. Hundreds of thousands of students would benefit from the protections provided in these bills.
February 27, 2019