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.” “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.” Comments are closed.
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