Three Democratic senators, including the chamber’s foremost critic of for-profit colleges, are sponsoring a bill that would bar federal student aid from being used in college programs that lack state licensing, even if the school has institutional accreditation.
Sen. Jeff Merkley (D-Ore.) this month joined Sen. Barbara Mikulski (D-Md.) and Sen. Tom Harkin (D-Iowa) in introducing the Protecting Students from Worthless Degrees Act, a law that would effectively eliminate a loophole that has allowed many colleges with programs that don’t have local licensing to reap the benefits of billions in federally-backed student loans.
Many for-profit colleges, with some of the nation’s most expansive online course offerings, attain regional and national accreditation but offer unlicensed courses and programs. Even if a student graduates with degrees from these unlicensed programs, local employers are hesitant to hire them.…Read More