Advocates Urge CARES Act Congressional Oversight Commission to Monitor Funds Going to For-Profit Schools
In a letter sent to the Congressional Oversight Commission established to oversee the CARES Act, a coalition of over 40 consumer advocacy organizations, including the Student Borrower Protection Center, the American Federation of Teachers, Americans for Financial Reform, the National Education Association, and New Jersey Citizen Action call for the aggressive monitoring of funds going to for-profit schools.
With the for-profit industry’s track record of deceiving and abusing vulnerable borrowers, the organizations are demanding diligent oversight of how this money is spent. The diverse coalition of organizations signed on to the letter represent consumers, civil rights, labor, government oversight, and students.
Read: Letter to CARES Act Congressional Oversight Commission
Read the Press Release: Coalition of Advocates Urge Congressional Oversight Commission to Aggressively Monitor Over $1 Billion in CARES Act Funds Going to For-Profit Schools