[Page H12287]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         COLLEGE AFFORDABILITY

  (Ms. SHALALA asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. SHALALA. Mr. Speaker, today millions of Americans are working to 
pay off their student debt. This is already an enormous burden for 
those who have graduated from reputable schools, but it is nearly 
impossible for those who attend schools that failed to live up to their 
responsibilities to their students.
  Predatory for-profit institutions recruit students with false 
promises and leave them with worthless degrees and thousands of dollars 
of debt. These schools are prone to sudden closure, leaving students 
stranded, with no recourse to continue their education.
  The College Affordability Act works to solve these pressing issues 
that plague far too many students. The bill would prevent sudden 
closure of colleges by requiring creditors to act on warning signs. 
Finally, it would close the GI Bill loophole that allows for-profit 
colleges to take advantage of our brave veterans.
  I urge my colleagues to support this crucial legislation and hold the 
schools accountable to their students.

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