Now that Corinthian, which was taking in as much as $1.4 billion a year in taxpayer dollars, is collapsing under the weight of law enforcement probes and bad student outcomes, I worry that a prolonged focus on its horrid acts might allow other terrible actors in the for-profit college industry to sneak out the back door.
Republic Report has obtained a toughly-worded 17-page letter sent on Friday from the U.S. Department of Education to collapsing for-profit Corinthian Colleges, with the government charging that Corinthian's Everest Institute misrepresented job placement statistics at its Decatur, Georgia, campus to the school's accrediting agency and to students.
As reported yesterday by OpenSecrets, Representative Virginia Foxx (R-NC) has no serious opposition in her bid for reelection, yet has received more than $800,000 in campaign contributions. More than half of that money has come from outside North Carolina, much of it from corporate special interests.
The Post failed to note that Weymouth sits on the board of Graham Holdings, the company that was formerly known as The Washington Post Company and that sold the newspaper to Jeff Bezos last year. Last October, Weymouth sold nearly $3 million worth of Graham Holdings shares; it's unclear what her current ownership stake is.