Obama Signs Executive Order To Protect US Troops, Veterans, and Their Families From Predatory LendersQuicklink submitted by Amanda Lang Permalink
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|At Fort Stewart, Georgia, today, President Obama signed an executive order aiming to protect U.S. troops, veterans, and their families from the predatory abuses of some for-profit colleges. It remains to be seen if this new directive will do enough to guide our service members into programs that actually help them build careers -- and away from programs that leave them deep in debt. But President Obama delivered powerful remarks, charging that some for-profit education companies 'aren't interested in helping you'. They are interested in getting the money.' He called their conduct 'appalling' and 'disgraceful' and told the troops that these schools are 'trying to swindle and hoodwink you.' This was an inspiring moment from the perspective of Republic Report, whose subject is the corrupting influence of money on our politics. Obama stood up for principles of fiscal responsibility...|
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