Policy Impact Analysis - 117/S/5155

Bill Overview

Title: Proprietary Education Interagency Oversight Coordination Improvement Act

Description: This bill requires certain actions to increase federal oversight of proprietary (i.e., for-profit) institutions of higher education (IHEs). Specifically, the bill establishes the Proprietary Education Interagency Oversight Coordination Committee and sets forth its duties and membership. The bill also directs the Department of Education (ED) to collect and track student complaints regarding the services or activities of any proprietary IHE that is eligible for federal education assistance. Further, ED must publish a warning list for parents and students that is comprised of proprietary IHEs that have engaged in certain activities, including those that have been sued for financial relief or have pending claims for borrower relief discharge.

Sponsors: Sen. Durbin, Richard J. [D-IL]

Target Audience

Population: Students enrolled in for-profit institutions of higher education

Estimated Size: 1800000

Reasoning

Simulated Interviews

Student (Houston, TX)

Age: 22 | Gender: female

Wellbeing Before Policy: 4

Duration of Impact: 5.0 years

Commonness: 7/20

Statement of Opinion:

  • I chose this school because it offered a flexible schedule that fit my work needs.
  • I've heard horror stories about debt and low job prospects after graduation.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 4
Year 2 6 4
Year 3 6 4
Year 5 7 4
Year 10 7 4
Year 20 6 3

Tech Support Specialist (Los Angeles, CA)

Age: 30 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • I have concerns about the accreditation of the program and post-graduation support.
  • More oversight might ensure better program quality.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 8 7
Year 10 9 7
Year 20 8 6

Unemployed (Miami, FL)

Age: 45 | Gender: female

Wellbeing Before Policy: 2

Duration of Impact: 20.0 years

Commonness: 3/20

Statement of Opinion:

  • It's been tough dealing with the debt and looking for jobs when my school shut down.
  • This policy seems like it would have helped prevent my situation.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 3 2
Year 2 4 2
Year 3 5 3
Year 5 5 3
Year 10 6 3
Year 20 7 2

High School Graduate (Chicago, IL)

Age: 19 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 8/20

Statement of Opinion:

  • I'm worried about taking out loans without knowing the outcomes.
  • If this helps make things clearer, I'm all for it.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 8 5
Year 10 8 5
Year 20 8 5

Small Business Owner (Phoenix, AZ)

Age: 50 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 0.0 years

Commonness: 10/20

Statement of Opinion:

  • This policy seems irrelevant to me, but I support measures that help people avoid scams.
  • For-profit colleges have a mixed reputation.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

Part-time worker (Nashville, TN)

Age: 27 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 7.0 years

Commonness: 6/20

Statement of Opinion:

  • Oversight could ensure my degree actually helps me find work in my field.
  • I'm apprehensive about tuition costs rising due to increased regulations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 7 5
Year 10 7 5
Year 20 6 5

Retired (New York, NY)

Age: 60 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 1.0 years

Commonness: 4/20

Statement of Opinion:

  • Regulating these schools is essential for student protection.
  • While I wouldn't be directly affected, it's a necessary step.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 8 8

High School Student (Denver, CO)

Age: 18 | Gender: other

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 9/20

Statement of Opinion:

  • Hearing more about schools before attending is helpful.
  • The policy seems like a good move for more transparency.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 8 6
Year 5 8 6
Year 10 8 6
Year 20 7 6

Registered Nurse (Boston, MA)

Age: 35 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 3.0 years

Commonness: 6/20

Statement of Opinion:

  • There needs to be assurance about educational quality given the costs involved.
  • I hope this policy discourages misleading claims from schools.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 8 7
Year 20 7 7

Freelance Photographer (Seattle, WA)

Age: 40 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 15.0 years

Commonness: 5/20

Statement of Opinion:

  • I felt my education didn't fully prepare me for the industry as promised.
  • If this policy had been in place, things might have been different for me.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 7 5
Year 5 7 5
Year 10 7 5
Year 20 7 4

Cost Estimates

Year 1: $15000000 (Low: $12000000, High: $18000000)

Year 2: $15000000 (Low: $12000000, High: $18000000)

Year 3: $15000000 (Low: $12000000, High: $18000000)

Year 5: $15000000 (Low: $12000000, High: $18000000)

Year 10: $0 (Low: $0, High: $0)

Year 100: $0 (Low: $0, High: $0)

Key Considerations