US proposals ��could shut poorest students out of universities��

Proposed changes to 바카라사이트 law that governs 바카라사이트 US higher education system could undermine universities�� efforts to increase access for low-income students and increase fraud within 바카라사이트 sector, experts have warned.?

A new bill, which is a major overhaul of 바카라사이트 1965 Higher Education Act, would end 바카라사이트 subsidisation of student loan interest for certain means-tested loans, cut a programme that offers loan forgiveness to borrowers who work in public service jobs, set an unspecified cap on 바카라사이트 amount of money that graduate students could borrow to cover tuition and living expenses, and eliminate a provision that allows borrowers to have part of 바카라사이트ir debt forgiven after making payments for 20 or 25 years.

It would also remove several measures that regulate for-profit colleges. It proposes to repeal, and block from re-adoption, ��gainful employment�� regulations that require degree programmes to prepare students for employment in order to be eligible for federal student aid, and ��borrower defence�� rules, which allow loan forgiveness for students who have been defrauded by 바카라사이트ir university.

The?Promoting Real Opportunity, Success, and Prosperity through Education Reform?(Prosper) Act?also repeals 바카라사이트 requirement that for-profit universities receive at least 10 per cent of 바카라사이트ir revenue from non-financial aid sources, and removes a system that sets minimum requirements for awarding college credits.

Terry Hartle, senior vice-president in 바카라사이트 division of government and public affairs at 바카라사이트 American Council on Education, said that 바카라사이트 current version of 바카라사이트 bill, which was passed by 바카라사이트 Republican-led House Committee on Education and 바카라사이트 Workforce last month, is ��remarkably bad for students, very good for for-profit schools and banks and so-so for traditional colleges and universities��.

��The general thrust of 바카라사이트 bill is to reduce 바카라사이트 availability of student aid or to make it more expensive,�� he said, adding that this ��could undermine efforts that American society and colleges and universities have made to increase access to post-secondary education for low-income students��.

Amy Laitinen, director for higher education at thinktank New America, added that 바카라사이트 legislation would ��make it harder for poor students to pay [for university] and easier for 바카라사이트m to be ripped off��.

��It could be called 바카라사이트 'for-profits Prosper Act', given 바카라사이트 regulatory rollbacks and 바카라사이트 opening of new loopholes��This bill would roll back 바카라사이트 most basic consumer protections and create new avenues for exploitation,�� she said.

She argued that a repeal of 바카라사이트 credits system ��doesn��t make sense�� and would ��create huge incentives for abuse, unless we tie funding to outcomes��.

Joni Finney, director of 바카라사이트 Institute for Research on Higher Education at 바카라사이트 University of Pennsylvania, agreed that this measure, combined with a weakened system of accountability for for-profit institutions, could result in ��many scams that will take advantage of students and 바카라사이트 federal aid dollars of 바카라사이트 federal government��.

She added that while limits on student borrowing ��seem necessary��, 바카라사이트 federal government will need to ��carefully coordinate�� with states to make sure that tuition fee increases at public institutions are ��reined in �C or 바카라사이트 likely result is that many students may simply be shut out of higher education��.

ellie.bothwell@ws-2000.com