OUR TIME DAILY TRANSLATION
We've heard you say it many times: "Politics is like a foreign language." Well, we agree.
Each week, we summarize, simplify, and interpret different major news stories and how they affect our generation. We'll give you our take, and you can decide for yourself.
For-profit schools are educational institutions that are run by private, profit-seeking companies or organizations.
New regulations were put in place to prevent these colleges from from saddling students with debt, but new data from the Department of Education shows the regulations have not been successful and that more needs to be done.
193 for-profit colleges have failed to meet the new requirements to qualify for taxpayer support.
WHY WE SHOULD CARE
Many for-profit colleges derive more than 80% of their revenue from federal student aid, yet fail to provide their students with the education or training necessary to repay their education expenses. This is unfair to the students AND to the American taxpayers.
OUR TIME OPINION
Taxpayer funding for education should be dedicated to programs which provide quality education and training, and don’t saddle students with debt for life.