Steve Gunderson, the former congressman (R-WI), who heads the discred...
Traditional higher education faces a critical choice with respect to these new rules. When the history of this debate is written, do they want it said that they aided and abetted widespread for-profit college fraud, and undermined the futures of millions of Americans, by helping to block reasonable rules?
The Department requires letters of credit where it has concerns about a company's capacity to pay refunds and other debts. ITT's filing yesterday says the Department wrote to ITT on July 6 agreeing to allow ITT to increase its letter of credit on essentially an installment plan.
Twenty years ago this summer, he stood on a San Diego stage and accepted the nomination of the Republican Party for President of the United States. Last week, Bob Dole, now a retired U.S. senator from Kansas and an endorser of Donald Trump for president, registered as a lobbyist for Bridgepoint Education, a for-profit college company that has been under investigation for fraud and other abuses by four federal agencies and five state attorneys general.
Who is the newcomer doomsayer Edward Wyatt, who sent the scary letter this week, seeking to meet with higher education groups about the rule?
UMA may have dodged a bullet on accreditation, and might also have found a way around another federal requirement for continuing to receive taxpayer dollars.
While Trump University was unaccredited and thus ineligible for taxpayer-funded student aid, UMA does have the necessary accreditation to allow federal aid to flow into its coffers. But that status is now tenuous.
In a world of mass shootings, Brexit, and a looming dramatic presidential election, the deliberations of the U.S. Department of Education's National Advisory Committee on Institutional Quality and Integrity would hardly seem to matter. But, yesterday, it did.
Our report describes in detail the network of prominent Americans who continue to lend their credibility and talents to defending or promoting seven of America's biggest for-profit college companies amid growing indications of predatory practices.
Without accreditation, schools cannot receive federal student grants and loans, and $4.76 billion in taxpayer dollars went from the Department of Education to ACICS schools last year. A Department official this morning suggested that was enough.
It is absolutely stunning that the for-profit colleges' chief lobbyist, Steve Gunderson, told a reporter today that a new Obama Administration proposed rule -- a rule that would finally give students and taxpayers some leverage to recover payments for abuses by predatory schools -- "will crush career education."
The rule would create new standards for the Department of Education to require colleges to post escalating letters of credit based on concerns about their operations. And it would ban or limit the ability of a college receiving federal aid to force students to resolve claims in private, secret arbitrations, rather than in court.
The for-profit college trade association APSCU opened its conference today in Orlando, and amid sessions about dealing with increased government scrutiny after APSCU's failed lobbying strategy, there was news about two former APSCU members.
While many of the big predatory colleges quit APSCU after the group failed in its lobbying mission, some honest owners of better-performing, often smaller, career colleges have told me they had already left in disgust because the group had become so dominated by arrogant, misbehaving schools and owners.
Dara Kaplan (left) & Gwen Wunderlich (right) of Wunderlich Kaplan Communications Photo credit: Heidi Green It happens all the time. A woman leaves h...
Predatory for-profit education is a scam that works so well that Donald Trump is far from the only celebrity, or politician, to invest in it. While some for-profit college operators are honest and do a good job training students for careers, many of the biggest operators have engaged in behavior quite similar to what is alleged to have occurred at Trump University.