Statement on Chairman Alexander’s Higher Education Act Speech at AEI

Following Chairman Lamar Alexander’s speech on reauthorizing the Higher Education Act, Steve Gunderson, president and CEO of Career Education Colleges and Universities released the following statement:

“We applaud Chairman Alexander’s leadership on Reauthorization of the Higher Education Act and stand ready to assist him and all stakeholders in this effort. This is a critical time of higher education, and all students and institutions deserve a law that reflects the current reality. Everything has changed in higher education since the last Reauthorization in 2008 – student demographics; academic delivery technologies; growing focus on workforce skills – except the law.”
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“We are supportive of Chairman Alexander’s efforts around simplifying FAFSA, modernizing repayment options for students, and creating a comprehensive loan repayment accountability system. CECU recently commissioned an assessment of repayment rate policies and the research found that a risk-adjusted approach, which factors in student demographics, is the most constructive in addressing student loan repayment performance.”