Proprietary Education Oversight Task Force Act

Key Points

• The bill creates a new interagency oversight committee made up of nine federal agencies — including the Departments of Education, Justice, Veterans Affairs, Defense, and others — to coordinate enforcement against fraud and abuse at for-profit colleges.
• A centralized complaint system — including a toll-free phone number, website, and database — would let students report problems at for-profit schools. Complaints would be shared across federal agencies and routed to state agencies where appropriate.
• The government would publish a yearly 'For-Profit College Warning List' naming schools that have been sued for fraud, face settlements, have borrower-defense claims, or are at risk of losing federal funding eligibility.
• Detailed annual reports would require disclosure of how much for-profit colleges spend on marketing vs. instruction, executive compensation, graduation rates, loan default rates, job placement rates, and licensing exam pass rates.
• A 13-member advisory committee — including students, veterans groups, civil rights organizations, and legal aid representatives — would advise the oversight body on enforcement actions and monitor recruitment practices and student outcomes.

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Related Bills

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