RECAP: AB 1343, The Bill That Would Have Taken Down For-Profit Universities In California – California Globe
AB 1343’s insistence on a limit of student’s coming in under federal loans doomed it in the Senate
Despite making national news in April and May for it’s tough stance on for-profit university loans, AB 1343 quietly fizzled out in the Senate.
What was it?
Assembly Bill 1343. Part of a group of seven bills aimed at giving for-profit universities more regulation, AB 1343 would have stopped universities from enrolling students if more than 85 percent of the schools revenue came from federal or state sources. As for-profit universities primarily rely on these loans, AB 1343 would have closed down many, or would have forced them to find a new business model.
If signed into law, the new regulations would have began January 1, 2023.