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Senate Proceeding on May 19th, 2011 :: 8:16:40 to 8:19:20
Total video length: 8 hours 40 minutes Stream Tools: Stream Overview | Edit Time

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Tom Harkin

8:16:26 to 8:16:46( Edit History Discussion )

Tom Harkin: they want to take this power away from the department of education. i think we have got to send a different message. harass headquarter a right on target on this -- mr. harkin: you're right on target on this. what's happened as we've looked at this over the last year and a half now, is even the good actors are being sucked into

Tom Harkin

8:16:40 to 8:19:20( Edit History Discussion )
Speech By: Tom Harkin

Tom Harkin

8:16:47 to 8:17:08( Edit History Discussion )

Tom Harkin: this vortex because the business model itself is bad. for example, how many times has my friend heard from the for-profit descrirks well, the reason we have these high dropout rates - here's westwood, 57.6% dropped out in the first year. here's kaplan, 69% dropped out

Tom Harkin

8:17:09 to 8:17:30( Edit History Discussion )

Tom Harkin: in the first year for on associate's degree. reason is we serve a lot of low-income students. these are low-income people that -- you know, that they searchedz they have a lot of problems in their lives. that's why we have such a high dropout rate. what they're not telling you is because of the business model, that's exactly who they go after to leecruit.

Tom Harkin

8:17:31 to 8:17:53( Edit History Discussion )

Tom Harkin: why do they do that? because the lowest income person/student gets the highest pell grants and the most guaranteed student loan. so if you're in the for-profit business and you want to make the most money, you don't want to recruit senator durbin's son or daughter; you want to recruit somebody whose parents never

Tom Harkin

8:17:54 to 8:18:15( Edit History Discussion )

Tom Harkin: went to college, who is probably minority, maybe doesn't even speak english all that well, who can get the maximum pell grant and maximum student loan. and once you get it and they get the money, well, if you stay, fine, if you don't, no big deal. mr. durbin: let's stick on that point for secondary. how long does the student have to stay at the school for the

Tom Harkin

8:18:16 to 8:18:37( Edit History Discussion )

Tom Harkin: school to get the amount -- the federal money? if they left and didn't finish, you know, would the school still get paid? mr. harkin: that's -- this is something else we've got to look into. right now the federal rules -- laws are that a student has to be in for at least 60% of a term. if you're in for at least 60% of

Tom Harkin

8:18:38 to 8:18:58( Edit History Discussion )

Tom Harkin: a term, then the school can keep the money. now i ask my friend from illinois, what's a term? well, i ask people that, they say, isn't that a semester? well, a term is whatever a school says it is. some of these schools have a term that's six weeks' long.

Tom Harkin

8:18:59 to 8:19:19( Edit History Discussion )

Tom Harkin: so, sign up, you money, you spend four weeks there, you fulfilled 60% of the term -- if you leave, they keep the money. mr. durbin: and you end up with a student loan? mr. harkin: and, by the way, as the senator fully knows, these student loans are not dischargeable in bankruptcy. they are around your neck forever.

Tom Harkin

8:19:20 to 8:19:20( Edit History Discussion )

Tom Harkin: mr. durbin: i might also add

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