Alexander Statement on Department of Education's Corinthian Colleges Announcement

Statement

Senate education committee Chairman Lamar Alexander (R-Tenn.) today made the following statement on the Department of Education's announcement regarding its debt-relief plan for former Corinthian Colleges students:

"Students have been hurt, but the department is establishing a precedent that puts taxpayers on the hook for what a college may have done. Later this year in the reauthorization of the Higher Education Act the Senate will review and address the right way to help students who find themselves in this predicament. This is one more reason it was a bad idea to make the U.S. Department of Education the banker for students as well as the regulator of their colleges. If your car is a lemon you don't sue the bank that made the auto loan; you sue the car company."

Source