PRESIDENT OF LIBERTY UNIVERSITY HAS BEEN TAPPED TO BUY PRESIDENT
TRUMP TO HELP STRIP AWAY SOME OF THE NEW PROTECTIONS THAT HAVE
BEEN PUT INTO PLACE TO PROTECT
STUDENTS FROM BEING DEFRAUDED OUT OF THEIR STUDENT LOAN MONEY.
THOSE PROTECTIONS WERE PUT INTO EFFECT OVER THE PAST COUPLE OF
YEARS AND ONLY RECENTLY WERE
SOME OF THEM ANNOUNCED.
BUT DON'T GET TOO USED TO THEM, THEY
MIGHT NOT STAY LONG.
HE HAD THIS
TO SAY ABOUT HIS PROMOTION TO THE HEAD OF HIGHER EDUCATION
TASK FORCE.
CONTEXT.
FIRST OF ALL WE WILL GET TO THE ACCREDITATION PART.
THINK ABOUT IT FOR A SECOND, DONALD TRUMP WITH HIS FAKE
UNIVERSITY DEFRAUDED SO MANY STUDENTS THAT HE HAD TO PAY $25
MILLION FOR.
ACCREDITATION STANDARDS ARE IMPORTANT.
HAVING
A CRAZY PERSON LIKE FALWELL DECIDE WHETHER OR NOT
ACCREDITATION STANDARDS ARE TOO HIGH IS A DANGEROUS THING TO
THINK ABOUT.
BUT LET'S FOCUS ON THIS WHOLE RECRUITING THING.
FOR-PROFIT COLLEGES DESTROY THE LIVES OF A LOT OF STUDENTS.
ONE
OF THE WAYS THEY DID IT IS THEY WENT AND TOLD STUDENTS DURING
THEIR RECRUITING MEETINGS IF YOU GO TO OUR INSTITUTION IT IS
EXPENSIVE, YET YOU HAVE TO TAKE OUT A LOT OF LOANS, BUT HERE'S
THE THING IF YOU LOOK AT THE NUMBERS, 95% OF OUR STUDENTS
GRADUATE TO BECOME GAINFULLY
EMPLOYED.
JUST TO GIVE YOU AN EXAMPLE, IF IT IS A FOR-PROFIT
COLLEGE THAT FOCUSES ON TEACHING
YOU TO BE A SOUS CHEF THEY WILL TELL THE STUDENTS THAT ONCE YOU
GRADUATE YOU WILL BE WORKING AS
A SOUS CHEF OR WORKING THE FOOD INDUSTRY.
THEN IT TURNS OUT THEY
MANIPULATED THE NUMBERS BECAUSE THEY INCLUDED PEOPLE WHO WORKED
AT PLACES LIKE MCDONALD'S AS INDIVIDUALS WHO WERE GAINFULLY
EMPLOYED.
IN FACT A LOT OF THE STUDENTS BECAUSE THEY HAVE A
LOW-PAYING MINIMUM-WAGE JOB CAN'T PAY BACK THEIR STUDENT
LOANS.
SO A LOT OF THEM WOULD DEFAULT ON THOSE LOANS AND WHAT
WOULD HAPPEN?
TAXPAYERS WOULD HAVE TO FOOT THE BILL OR THE
INTEREST RATES WOULD INCREASE OR FEES ASSOCIATED WITH THOSE LOANS
WOULD INCREASE.
THE OBAMA ADMINISTRATION CAME IN AND SAID
WE CAN HAVE THIS.
WE NEED TO PROVE THAT THE SCHOOLS ARE
HELPING THE STUDENTS BECOME GAINFULLY EMPLOYED IN ORDER FOR
THEM TO QUALIFY FOR FEDERAL
LOANS.
A LOT OF THESE FOR-PROFIT COLLEGES WOULD RELY ON
FEDERAL
LOANS.
IT WAS SCREWING OVER TAXPAYERS, THE STUDENTS, THIS IS
THE STUFF THAT THIS GUY WANTS TO GET RID OF.
I HAD TO GIVE YOU THAT CONTEXT.
I AGREE WITH ALMOST ALL OF WHAT YOU SAID.
I DON'T
UNDERSTAND WHY YOU THINK
MCDONALD'S SHOULD NOT BE INCLUDED.
BY THE WAY THAT'S NOT ME PUTTING DOWN ANYONE WHO WORKS AT
MCDONALD'S, BUT YOU DON'T NEED A COLLEGE EDUCATION TO WORK AT
MCDONALD'S.
THE WHOLE POINT IS TO MAKE IT SEEM AS THOUGH LOOK AT ALL
THESE PEOPLE WHO GRADUATED AND ARE GAINFULLY EMPLOYED.
THAT IS NOT THE CASE.
I DON'T THINK YOU CAN ACTUALLY WORK AS A SOUS CHEF AT
MCDONALD'S.
MAYBE IN THE FUTURE?
ANA GAVE GREAT GENERAL CONTEXT.
THESE RULES CAME ABOUT AS A RESULT OF THE SORTS OF COLLAPSES
YOU WERE TALKING ABOUT THERE.
ONE OF THEM WAS CORINTHIAN
COLLEGE.
A BUNCH OF STUDENTS NEEDED FORGIVENESS OF LOANS
THERE.
AND MIGHT SEEM LIKE THEY TOOK A GAMBLE, BUT WHEN YOU SEE
THE RULES IT IS NOT UNREASONABLE THE PROTECTIONS THAT WERE PUT IN
PLACE.
AGAIN, RATHER THAN HAVING TO GO ONE BY ONE, YOU CAN GROUP
UP AND USE THAT POWER TO ADDRESS
YOUR CASE.
LET'S SAY THERE IS NOW A DEFUNCT FOR-PROFIT COLLEGE, AND
THE GOVERNMENT FINDS OUT THEY DEFRAUDED STUDENTS BADLY AND
THEY CAN'T BECAUSE OF OUR REGULATIONS THEY ARE NOT GOING
TO GET THE FEDERAL FUNDING THEY RUN ON SO THEY WILL SHUT DOWN.
THAT HAPPENED WITH A LOT OF FOR-PROFIT COLLEGES.
WHAT
HAPPENS TO STUDENTS THAT GOT AN " EDUCATION" THERE?
WHY SHOULD
THE STUDENTS HAVE TO REPAY ALL
OF THE STUDENT LOAN DEBT FOR A DIPLOMA THAT MEANS NOTHING.
IN
SOME CASES THEY DON'T EVEN GET TO FINISH THAT DEGREE.
THAT IS
WHY THAT RULE FOR STUDENTS TO PROTECT THEM EXISTS.
YOU ESPECIALLY DON'T WANT TO PAY THAT BACK AT THE COLLEGE
DOESN'T EXIST AFTER YOU FINISH IT. AND IF THEY DON'T TRANSFER,
YOU CAN EASILY TRANSFER FROM ONE
TO ANOTHER.
I JUST WANT TO READ THIS LAST PART.
YOU MIGHT HAVE
ALREADY BURNED THROUGH ALL OF
YOUR PELL GRANT ELIGIBILITY.
YOU CAN'T THEN TRANSFER TO ANOTHER
COLLEGE.
THIS WOULD ALLOW THEM
TO DO THAT.
HE
ALSO RUNS LIBERTY UNIVERSITY, THE SORT OF COLLEGE
THEY COULD EVENTUALLY HAVE STUDENTS THAT NEED THIS SORT OF
RELIEF.
I LOOKED INTO IT.
BY SOME MIRACLE IT DOES HAVE
ACCREDITATION AT THE REGIONAL
LEVEL FOR MOST OF ITS PROGRAM.
BUT WHAT CAN HAPPEN AFTER A FEW
YEARS OF HIM AND BETSY DEVOS.
ACCREDITATION IS IMPORTANT.
THE STANDARD SHOULD BE HIGH.
FIRST OF ALL, I DON'T THINK PEOPLE SHOULD HAVE TO PAY FOR AN
EDUCATION.
BUT YOU WANT THE STANDARDS TO BE STRICT BECAUSE
YOU WANT ACCREDITED INSTITUTIONS
TO TEACH YOU FACT BASED INFORMATION.
A LOT OF THE
SCHOOLS THAT DON'T GET ACCREDITED DON'T MEET THE
STANDARDS.
HE WANTS TO DO AWAY WITH SOME OF THOSE REGULATIONS
AND THAT IS DISASTROUS.
PEOPLE LIKE HIM HAVE A VESTED INTEREST
IN MAKING STANDARDS EASIER.
PEOPLE I CAN THINK OF COLLEGE
EDUCATION AS BIG BUSINESS.
THEY CARE ABOUT INDOCTRINATING
STUDENTS WITH RELIGIOUS-BASED EDUCATION.
I WORRY ABOUT THIS
BECAUSE WITH BETSY DEVOS YOU HAVE THIS MOVE TOWARDS
PRIVATIZING EDUCATION, AND THEN YOU HAVE THIS GUY WHO NOW HAS
DONALD TRUMP'S EAR AND COULD HAVE A HUGE IMPACT IN
DEREGULATING THE WAY OUR COLLEGES WORK.
RIGHT NOW
STUDENTS DON'T HAVE A LOT OF
PROTECTIONS TO BEGIN WITH.