Please join me as an original cosponsor of the bicameral Protecting Our Students and Taxpayers (POST) Act. Current law prohibits for-profit colleges and universities from deriving more than 90% of their revenue from the U.S. Department of Education’s federal
student aid programs. The other 10% is required to come from sources other than the federal government. The purpose of this rule is to ensure that schools are not overly dependent on the federal government for their operation and that others, besides federal
taxpayers, have skin in the game.