Tag Archives: students

U.S. Sen. Dick Durbin of Illinois, the key member of the Senate Democratic leadership, on Tuesday called for a number of reforms of federal laws that involve for-profit higher education, saying that they should share in the default risks of their students -- costs that are currently assumed by the taxpayers. “While responsible for-profit colleges offer a valuable alternative to students, there are too many schools taking advantage of students and making money hand over fist,” Durbin said at a forum he held in Chicago. “Some for-profit colleges are spending a quarter of their revenues on marketing and recruiting, and up to 90 percent of those revenues come from federal funding.