Strengthen Policies to Prevent Waste, Fraud and Abuse
It is imperative that Congress maintain existing accountability mechanisms, many of which Congress adopted with bipartisan support and have proven successful over the course of decades. These critical protections include the cohort default rate (CDR) and the 90-10 rule both of which can and should be further strengthened.
It is also more critical than ever that Congress act to put in place new accountability protections. Legislation introduced in 2019 (S. 867, H.R. 3512) provides a comprehensive set of policy solutions to ensure both students and the taxpayer investment are protected. Known as the PROTECT Act, the bill reinstates the safeguards offered by the gainful employment rule, provides a fair process for students to cancel loans when schools defrauded or lied to them, prohibits colleges from using federal financial aid dollars for marketing and advertising, stops colleges from blocking students’ access to the courts, and prevents the exploitation of student veterans by for-profit schools. For information on the broad coalition of student, consumer, civil rights, veterans, and college access organizations working to better protect students and taxpayers, visit ProtectStudentsandTaxpayers.org.