This month, I introduced the Promoting Access and Revenue Integrity Through Institutional Transparency Act, the PARITY Act. The bill does one thing: It repeals the federal government’s discriminatory 90/10 rule and finally puts technical schools on a level playing field with the rest of higher education.For years, federal regulators have bent the rules to serve political interests rather than students, and the 90/10 rule is a textbook example. It applies to one narrow slice of higher education, the institutions that train America’s nurses, electricians, mechanics, and welders. They alone must prove that at least 10% of their revenue comes from nonfederal sources. Public and private nonprofit universities are exempt.If the same rule were applied across the board, 80% of public two-year colleges and 40% of public four-year institutions would fail. The 90/10 rule was never an honest measure of program quality. It was a tool the Obama and Biden administrations used to suppress competition and steer students toward more expensive and more liberal universities.
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In other words, the same schools that bear primary responsibility for the $1.8 trillion student debt crisis, many that manage endowments worth billions of dollars, got a carve-out from their allies in Washington.
