<p>"The nation’s 15 largest for-profit colleges get nearly 90% of their annual revenue from federal aid programs for students. New legislation introduced in the U.S. Senate today would prevent any of that money being used on advertising, marketing and recruitment.</p>
<p>The Protecting Financial Aid for Students and Taxpayers Act (PFASTA) is a joint effort from Iowa Senator Tom Harkin and Senator Kay Hagan of North Carolina … The intention of the legislation is to ‘maximize federal student aid by prohibiting the use of Pell Grants, federal student loans, the Post-9/11 G.I. Bill, and other federal education funds’ for purposes that aren’t directly tied to educating and supporting students." …</p>
<p>As for flushing out squandered taxpayer dollars, we’ve only just begun.</p>
<p>[Law</a> Would Forbid Colleges From Using Federal Money For Advertising - The Consumerist](<a href=“http://consumerist.com/2012/04/law-would-forbid-colleges-from-using-federal-money-for-advertising.html]Law”>http://consumerist.com/2012/04/law-would-forbid-colleges-from-using-federal-money-for-advertising.html)</p>