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New Bill Provides Greater Consumer Protections for TX Students at For-Profit Colleges

FOR IMMEDIATE RELEASE:

March 17, 2015
New Bill Provides Greater Consumer Protections for Texas Students at For-Profit Colleges
[AUSTIN]–Late last week, Sen. José Rodriguez introduced SB 1625, a disclosure bill aimed at increasing transparency from for-profit schools by giving Texas students access to information, including average loan default rates and average loan amounts. For-profit college students account for just 12 percent of students, but nearly half of all federal student loan defaults.
José Eduardo Sanchez, Southern Director of Young Invincibles, released the following statement on the bill’s introduction:
“Texas students should have access to the information they need to make informed choices about which schools to attend. Senator Rodríguez’s bill would better protect students from predatory schools by making sure they have access to vital data when applying.”
Young Invincibles served as the lead student negotiator on the Department of Education’s Gainful Employment rule making panel last year. Please be in touch if you have any questions about for-profit colleges in Texas or this new legislation.
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