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Tom Netting Quoted on Pell Grants and For-Profit Colleges
November 27, 2012
Tom Netting was quoted in The Chronicle of Education article, "Obama's Victory Spells Continued Scrutiny for For-Profit Colleges," which explains that for-profit colleges are likely to face more regulatory scrutiny since student debt and the cost of education are expected to remain a high-profile concern under the Obama Administration.

"The election of Mr. Romney would have been "no panacea" for the sector either," said Netting. "That's because, along with an agenda for deregulation, an administration headed by Mr. Romney and Rep. Paul Ryan might have pressed to scale back spending for Pell Grants, a key source of revenue at many for-profit colleges."

"No matter who is in office, the Pell Grant budget will be under great pressure because of the federal deficit, with tighter eligibility rules likely. But Mr. Netting, says he would 'find it hard to believe' that the Obama administration would press to cut the maximum Pell Grant award, after spending the last few years raising it," The Chronicle wrote.


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