SENATE BILL: Student Loan Protection Act (Law'd)

[Fmr. Pres. Duke]

Is my alma matter a for-profit university? If not, I'll support this.

[Fmr. Pres. Duke]

Sorry, I don't think I'm asking unreasonable questions here... Also how do we define 'for-profit'?

Because how you define that term will in fact impact other institutions...

I don't think it's really that hard to define "for-profit"...
If they advertise on TV... they're for profit

"one day, one night, saturday's alright.. online's just fine, night time any time... get your degree, set yourself free.. National American University!"

yeah...

 Some of the colleges around here run advertisements on TV. And not of all of them seem like for-profit entities. But I guess I could be wrong.

Is there anything wrong with adding some clarification to this bill?

UNC, Wake, NC State, UVA, etc ALL run TV advertisements during sporting events featuring their teams. I don't know what a for-profit school is, but as long as it doesn't effect schools like that, I support it.

[Fmr. Pres. Duke]

Can public universities be considered "for-profit" though? I can see a lot of big private schools being considered for-profit, but I can't imagine any tax funded school being for-profit. That said, we need some way to clarify schools as for-profit, because I cannot support any bill that essentially bans federal aid to any private university. I know that isn't the aim of this bill. We do need clarification though.

[Fmr. Pres. Duke]

I was just about to post that. Schools make huge profits from athletics each and every year. Do we consider that a "for-profit" activity? Obviously, schools want to have a profitable athletic department (Wake got heat for being in the red in 2010).

Wikipedia (don't judge) defines "for-profit" universities as schools run by private, for profit companies or organizations. There is also a list of them. I suppose we can write that into the bill. But the current bill cannot stand. I am surprised no one else has said anything, because if we passed it as it is, we basically end all financial aid for students and that would be a total catastrophe.

For reference: http://en.wikipedia.org/wiki/For-profit_school

[Fmr. Pres. Duke]

I'll offer this amendment. I am not sure if it covers all the bases, but I try my best.

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[Fmr. Pres. Duke]

That was all I was asking for, a little bit of reasonable clarification...

How unreasonable of you!

But seriously, I hope we can get this amendment passed pronto.

[Fmr. Pres. Duke]

Aye