Alexander: Education Dept. Proposal Gives Congress Opportunity to Improve Accountability at Colleges

Posted on August 10, 2018

WASHINGTON, D.C., August 10, 2018 — Senate education committee Chairman Lamar Alexander (R-Tenn.) today released the following statement after the U.S. Department of Education released a new regulation to eliminate the existing gainful employment accountability regulation that was issued under the Obama administration:

“Secretary DeVos’s regulation proposes to end a clumsy rule that consumed 945 pages to define two words in the higher education law and targeted just one segment of our 6,000 colleges and universities. This reset gives Congress an opportunity to create a more effective measure of accountability for student debt and quality of institutions. My own view is that Congress should focus on repayment rates—whether borrowers are actually paying back loans—rather than the current “default rate” which measures only whether students have not paid back their loans for 270 days or more.”