Improved Oversight of For-Profit Colleges: Protecting Students and Taxpayers
This act establishes a new committee to coordinate federal agencies' efforts in overseeing for-profit higher education institutions. Its goal is to prevent fraud, enhance educational quality, and increase accountability for these institutions towards students and taxpayers. Citizens will gain easier access to information about colleges and a streamlined complaint process.
Key points
Establishment of the Proprietary Education Interagency Oversight Coordination Committee to monitor for-profit colleges.
Creation of a centralized complaint system for students regarding for-profit institutions, accessible via phone and website.
Annual public reporting on for-profit colleges, including data on funding, graduation rates, student debt, and complaints.
Publication of a 'For-Profit College Warning List for Parents and Students' to highlight problematic institutions.
Increased transparency and accountability for for-profit colleges, aiming to protect students from predatory practices and safeguard public funds.
Expired
Additional Information
Print number: 118_HR_7804
Sponsor: Rep. Jackson, Jeff [D-NC-14]
Process start date: 2024-03-22