Letter in support of the provision of the American Rescue Plan Act of 2021 that will close the 90/10 loophole and restore the intended impact of the rule. By accurately accounting for all taxpayer dollars that flow to for-profit colleges, this change will identify high-risk colleges that are overly dependent on federal subsidies, and that may be financially unstable during the pandemic. It will also remove the incentive to disproportionately recruit and enroll veterans in for-profit colleges. Coalition includes NCLC, AFSCME, American Federation of Teachers, Americans for Financial Reform, and others.
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