Emerging Risk? An Overview of the Federal Investment in For-Profit Education, Hearing of the Committee on Health, Education, Labor, and Pensions, United States Senate, One Hundred Eleventh Congress, Second Session on Examining an Overview of the Federal Investment in For-Profit Education, June 24, 2010   [open pdf - 8MB]

This is the June 24, 2010 hearing on "Emerging Risk?" held before the U.S. Senate. From the opening statement of Tom Harkin: "For more than 50 years, the Federal Government has provided students with grants and loans to help pay for college. That is a public/private partnership between the government and students. It is an investment premised on the idea that a higher education will improve life for the borrower but will also strengthen our society by giving more Americans the knowledge and skills to get good jobs and to give back to their communities. In 2008, we significantly increased the amount of Stafford loans that undergraduates could borrow. The American Recovery and Reinvestment Act of 2009 provided another $17 billion to the Pell program, and the recent reconciliation law added another $36 billion over the next 10 years to the Pell Grant program. Both the authorizing and appropriations committees which I chair have made hard choices and decisions to secure increases for the Pell Grant program, and I am proud of the $17.5 billion that we appropriated for the program last year. Those Pell dollars are an investment by Congress in our Nation's students and, as I said, in our country's future. For that investment to pay off, we must ensure that students are being well-educated and that schools are using Federal dollars, taxpayer dollars, responsibly. There are growing questions about whether all students and taxpayers by extension are receiving value for their educational dollar." Statements, letters, and materials submitted for the record include those of the following: Tom Harkin, Michael B. Enzi, Kathleen S. Tighe, Al Franken, Sherrod Brown, Jeff Merkley, Michael F. Bennet, Kay R. Hagan, Yasmine Issa, Margaret Reiter, Sharon Thomas Parrott, Steven Eisman, Patty Murray, Bernard Sanders, Robert P. Casey, Chris Dodd, Lamar Alexander, and Tom Coburn.

Report Number:
S. Hrg. 111-1000; Senate Hearing 111-1000
Public Domain
Retrieved From:
Government Printing Office: http://www.gpo.gov/
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