I hope TheDream.US fund and other efforts to invest in the Dreamers do keep growing. But I also hope the leaders of TheDream.US quickly decide that it is being tarnished by including as a participant a college that represents a blatant, unacceptable conflict of interest.
As a front group for the worst actors in higher education, APSCU has no credibility. It does continue to have something bigger: The billions in taxpayer dollars that Washington keeps funneling to predatory colleges. Corinthian's reign is over, but many almost-as-bad companies remain in operation.
The big for-profit colleges were back in court in Washington again this morning, arguing to a federal judge that the Obama Administration did not have the power to subject them to even the most minimal standards of accountability for leaving their students with overwhelming debt.
It's been apparent for years that the for-profit college chain Corinthian systematically deceived and mistreated its students. Less well-understood has been the company's abuse of its workers, many of them hard-working and sincere teachers.
Vin Weber is much more than a Bush campaign advisor. He's a lobbyist who has pressed his former colleagues in Congress on behalf of clients like AT&T, the pharmaceutical trade association PHRMA, student loan giant Sallie Mae, and student debt collection companies Navient and ECMC.
The for-profit behemoth Corinthian Colleges is experiencing a spectacular fall. A $30 million fine by the Department of Education for falsifying placement data, numerous on-going state probes, a massive sell-off of schools and an abrupt bankruptcy filing that left some 16,000 students in the lurch.
How can we protect against school owners' ability to befriend, cajole, bully and buy the regulators and elected officials who are supposed to be holding them accountable for their use of taxpayer funds? That's the real puzzle.
Sadly, the good work that his foundation does is eviscerated by what he does on a much larger scale in New York state politics, national politics, and throughout the world in order to continue to line his coffers.
Even if predatory for-profit college companies can hang on for a period, restoring revenues while retaining their abusive practices, the era where they blatantly and arrogantly rip off and students and taxpayers, while Washington politicians and lobbyists do their bidding without apparent shame, is likely near its end.
What might the future of higher education look like? This new world of higher education will have fewer institutions serving larger numbers of students. The focus, however, will not be on the institutions themselves but what happens (or does not happen) in the classroom.
Despite some recent bad press, for-profit education does create a path to education for many Americans. If you take advantage of it, understanding your student loan options is critical.
For-profit colleges are bad investment for students and for our society. However, there is a reason that they exist and have created a seismic shift in higher education.
A business that was getting as much as $1.4 billion a year in federal aid now has claimed in court that it has just $19 million in assets, but $143 million in liabilities. So who is owed all this money, and what does that tell us about Corinthian's conduct?
The government should have stopped giving money to Corinthian Colleges long ago. The idea that it was still allowing students to enroll and commit our tax dollars to that company just two weeks ago boggles the mind. Corinthian's bad behavior, combined with the Department of Education's bad oversight, has left many more students locked out than there could have been.
The Herald's disclosures about the way for-profit colleges have ripped off students and taxpayers, while buying influence with powerful politicians, are too many to recount, but here are just a few bites to tempt you.
The for-profit college industry continues to rent former members of Congress, blue-chip law firms, top Democratic communications advisers, and other high-priced, esteemed talent to argue against any kind of accountability for its abuses.