Democrat Tom Harkin has decided not to seek re-election to his U.S. Senate seat in 2014, when Republicans try to gain control of the chamber.
Iowa Senator Tom Harkin said for- profit colleges work to delay student loan defaults to maintain their eligibility for federal aid, which makes up as much as 90 percent of the companies’ revenue.
Wall Street investment firms’ pursuit of short-term gains interferes with the educational goals of the for-profit colleges they invest in, said U.S. Senator Tom Harkin , chairman of the education committee.
"This rule is a first step, but much more needs to be done to ensure that colleges put the interest of students above shareholders."
- Tom Harkin on Oct 30, 2014
Tom Harkin Says We Are Missing Boat in Education