A bill introduced in Congress on Tuesday would forbid colleges that receive federal financial aid to require students to agree to mandatory arbitration clauses, which have been used by for-profit colleges to prevent students from suing them.
The bill was introduced by two Democrats — Sen. Richard J. Durbin of Illinois and Rep. Maxine M. Waters of California — on the day after Corinthian Colleges ceased operationsand closed down its 28 remaining campuses.
"As we have seen with Corinthian Colleges, the for-profit college industry is rife with bad actors that lure potential students into some of the most expensive academic programs, all while knowingly and fraudulently misrepresenting the quality and success of these programs," Ms. Waters said in a news release. "These schools use mandatory arbitration clauses and other tactics to shield themselves from being held responsible for this wrongdoing."
Read more at The Chronicle of Higher Education: http://chronicle.com/blogs/ticker/bill-in-congress-would-bar-colleges-from-compelling-students-not-to-sue/97991