Thom Hofman 6:15 a.m., June 19
New Bill in Congress Would Thwart Bridgepoint
Sen. Kay Hagan, D-NC, this morning in a conference call with reporters promoted a bill she has introduced that would stop for-profit colleges from using taxpayer-funded financial aid for marketing, recruiting, or advertising. "Make no mistake, Hagan's bill, if it becomes law, would cut for-profit schools off at their knees," says Salon.com. Hagan, a member of the Senate Health, Education and Labor and Pension Committee (HELP), cited one school that had 1700 recruiters and one counselor. That would be San Diego's Bridgepoint, says Salon, noting a previous compilation by the HELP committee. "Bridgepoint spends 30% of its revenue on marketing and recruitment," says Salon. It gets more than 85% of its revenue from the federal government. Hagan's bill would thwart the Bridgepoint ruse.