Higher Education & Student Loans
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More on Higher Education & Student Loans
Washington, D.C., Today, Congresswoman Maxine Waters issued a statement on the Department of Education’s new proposal to further steps to protect students for predatory for-profit institutions of higher education. As part of an ongoing rule making negotiation centered on debt relief for defrauded students, the Department’s latest suggestions include eliminating mandatory arbitration and class action ban clauses in enrollment agreements.
Washington, D.C., -Today, Congresswoman Maxine Waters (CA-43) issued a statement on the Federal Trade Commission’s announcement to sue for-profit college operator DeVry Education Group. DeVry is the latest in a long line of for-profit colleges who are finally being held accountable for fraudulent practices that have come to light.
WASHINGTON – Today, Congresswoman Maxine Waters (CA-43), Ranking Member of the Committee on Financial Services, commended California State Attorney General Kamala Harris and the Department of Education on their successful joint investigation of Corinthian College’s Wyotech and Everest California locations, as well as the Everest online programs based in Florida. The investigation concluded that the programs misrepresented their placement rates to nearly 85,000 enrolled and prospective students.
LOS ANGELES – Today, Congresswoman Maxine Waters (CA-43), Ranking Member of the Committee on Financial Services, released the following statement on the fiftieth anniversary of the Higher Education Act:
“Fifty years ago, President Lyndon B. Johnson signed into law the Higher Education Act (HEA) of 1965 – a landmark piece of legislation that decades later is still opening doors for students all across our country.”
WASHINGTON – Today, Congresswoman Maxine Waters (CA-43) congratulated two constituents, Cinthya Benitez and Mayra Negrete, on winning the annual Southwest Airlines “¡Lánzate!/Take Off!” Travel Award for 2015.
WASHINGTON – Today, Congresswoman Maxine Waters, Ranking Member of the Committee on Financial Services, introduced the Students Before Profits Act, a bill recently introduced in the United States Senate by Senators Christopher Murphy and Richard Durbin, and co-sponsored by Senators Elizabeth Warren, and Sherrod Brown. This legislation protects students against deceptive practices by predatory for-profit institutions of higher education.
As ranking member of the House Committee on Financial Services, I've spent the years since the financial crisis trying to provide relief to Americans devastated by the plague of home foreclosures.
It’s been challenging work. Programs the government put in place to aid borrowers often were insufficient, hard to understand and needlessly complex. Though the process created many problems, one silver lining is that we’ve learned important lessons about how government can more effectively help individuals victimized by predatory practices in the financial marketplace.
Originally appeared on Medium.
Pamela Hunt started working when she was just 14 years old. She’s now a 55-year-old home health care worker in Ledyard, Connecticut, and is the mother of eight children. Like so many Americans, she boldly decided to go back to school after long desiring a career change.
CONGRESSWOMAN WATERS COMMENTS ON CORINTHIAN COLLEGES' CLOSURE
April 27, 2015