Alexander Calls Proposed “Gainful Employment” Regulation “a Surprisingly Wacky Proposal from One of the President’s Best Cabinet Members”
Posted on July 22, 2010
WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement on the Department of Education’s proposed Higher Education Act regulation of “gainful employment”:
“This is a surprisingly wacky proposal from one of the president’s best Cabinet members. The government has already taken on the responsibility of making 19 million new student loans each year. Now it wants to make things even more complicated by tracking the incomes of millions of graduates so that the government can, in effect, institute price controls on certificate and degree programs at thousands of institutions of higher education. This is like shooting quail with a cannon—you’ll probably miss the quail and hurt a lot of innocent people. I’m afraid that one effect of this proposal will be to make it harder to realize President Obama’s goal of increasing the number of Americans with a college credential."
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