Tougher Regulations and Restrictions for Proprietary Schools and Private Student Loan Lenders

We, the undersigned, call upon the President of the United States Barack Obama, US Department of Education, and The US Government to apply tougher regulations and restrictions to proprietary schools such as The Art Institutes, Devry, AIU, Westwood, ITT, etc and private student loan lenders.

We wish for these rules to be put in place:

Proprietary Schools
-Regional Accreditation is REQUIRED for all proprietary schools to operate.
-The quality of education must be equal to traditional public and private universities.
-Tuition should be equal to the average salaries of graduates and quality of education.
-Elimination of unethical and deceiving sales tactics.
-Graduation rates must be equal to other public and private universities. No lower than 50%.
-Proprietary schools cannot count any part-time, non-related field(s), and students who found employment on their own in their job placement statistics.
- Should lose accreditation and tougher eligibility for federal aid if school is performing poorly.
-Admissions officers must disclose non-transferability of credits to students during admissions process.

Private Student Loan Lenders
-Cap on interest rates
-Tougher restrictions on providing loans to poor performing schools and high risk students.
-Loans can be discharged in bankruptcy if student is suffering from severe financial hardship.
-Deferment/Forbearance options in times of hardship.
-Cannot garnish wages, social security or disability.