If law enforcement continues these half-measures, the real power will continue to reside at the U.S. Department of Education, which provides almost all of the funding for these predatory for-profit colleges.
Alejandro Amor, the former owner-CEO of for-profit FastTrain College, is scheduled to face a jury trial in Miami Wednesday morning. Amor and his co-defendant face criminal charges of defrauding the federal government to obtain about $6.5 million in student aid -- Pell grants and Direct Loans.
In the for-profit college field, it appears that what works are preppy-sounding family or village names, evoking Harvard, Princeton, Stanford, Amherst -- in other words, evoking exclusivity, nurturing, tradition, success, power.
The FBI raided campuses of Florida-based FastTrain College on Wednesday. The for-profit school has multiple ties to Representative Alcee Hastings (D-FL), who has been a fervent backer of for-profit education companies.