Saturday, September 18, 2010

For-Profit Schools Donate to Lawmakers Opposing New Financial Aid Rules

Between 2005 and the beginning of this year, Rep. Donald M. Payne, D-N.J., received $6,000 in campaign contributions from sources related to for-profit colleges. This year, he received more than $20,000 from the schools and their lobby groups, according to campaign finance records.




What changed?

For one, the colleges have upped their lobbying efforts [1] considerably in the face of proposed regulations that the industry says could shutter many of its schools.

For another, Payne co-signed three letters [2] to Education Secretary Arne Duncan, in which as many as 18 members of Congress pleaded with the secretary to put the brakes on that proposed regulation.

Collectively, members who signed the letters received nearly $94,000 from the for-profit college sector between the beginning of 2010 and late July, according to the most recent available campaign finance data reviewed by ProPublica. Most of the donations flowed after March 22 -- the date the first letter was written to Duncan.

(Take a look at the campaign contributions here [3].)

Other co-signers who received campaign cash from the industry include Reps. Alcee Hastings, D-Fla., and Debbie Wasserman Schultz, D-Fla.; and Jason Altmire, D-Pa. Payne and Altmire sit on the House committee that oversees education, as do several other members who signed the letters and received donations.

Read on.

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