SFChronicle.com

by Alexi Koseff

SACRAMENTO — California would add financial protections for students at for-profit colleges under measures that Democratic legislators introduced Wednesday in response to the Trump administration’s rollback of Obama-era regulations.

The seven bills would place restrictions on college programs if graduates cannot find good-paying jobs, limit aggressive recruiting measures that target veterans and allow students to recoup more of their costs if their schools shut down.

“We are here today to say students come first, not shareholders,” said Assemblyman David Chiu, D-San Francisco.

The legislative package is led by Chiu’s AB1340, which targets career-training programs that turn out graduates who do not make enough to pay off their loans. U.S. Education Secretary Betsy DeVos moved last year to scrap a policy put in place under former President Barack Obama in 2015 that blocks federal… (continue reading)