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Improved Oversight of For-Profit Colleges: Protecting Students and Taxpayers.

This act establishes a new committee to enhance oversight of for-profit colleges. Its aim is to combat fraud, ensure quality education, and protect students and taxpayers. Citizens will gain easier access to information about these institutions and a streamlined way to file complaints.
Key points
Establishes an Interagency Oversight Coordination Committee for proprietary institutions, involving various federal agencies for better cooperation and information sharing.
Creates a centralized system for student complaints against for-profit colleges, accessible via a toll-free number and website, to facilitate monitoring and response.
Mandates an annual public report on for-profit colleges, including data on funding, graduation rates, student debt, and complaints, increasing transparency.
Requires the publication of a "For-Profit College Warning List for Parents and Students" for institutions facing legal issues, financial penalties, or program suspensions.
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Status:
Expired
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Additional Information
Print number: 117_S_5155
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2022-11-30