The president has made clear that he understands the scam perpetrated by many for-profit colleges against our vets, against single mothers, against working-class young people of color -- deceptive recruiting, high prices, poor quality, weak job placement.
Done differently, perhaps the for-profit model has the potential to become what its defenders claim it is, but right now it's the wild West out there, and nothing demonstrates the need for more oversight and regulation in this area than the cash-grab/shitshow that is ASA in New York City.
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.
With Globe University expanding into more states, it should be interesting to see if these attorneys general pay stricter attention to a school that keeps finding itself accused of fraud and deception.
Are "Susan and Dave" a for-profit college student, or the parents of a for-profit college student? Actually, it seems like a lie, perpetrated by a wealthy industry that will say or do anything to keep tapping billions in taxpayer dollars, even as it abuses actual students.
Rather than working cooperatively with the new administration, the major for-profit chains went on the attack, alleging that they were victims of regulations unfairly aimed specifically at them. I do not know why they took this tack, but the result was to focus media and public attention on the for-profit sector specifically.
Higher education in America fails mostly for the same reason people get fat. It takes a lot of hard work to be successful no matter how you go about it. But there are options.
Companies in your sector and your trade association are opposing a rule that would motivate career colleges to provide higher quality programs, at more affordable prices. Your opposition to the gainful employment rule is hurting students, taxpayers, and our economy.
Bush, a potential 2016 presidential candidate, has styled himself a champion of K-12 education policy reforms. But in the context of higher education, Bush seems less interested in holding poorly-performing schools accountable.
There will undoubtedly be serious disruptions if a major for-profit college with tens of thousands of students collapses. But the last thing government should be doing is to spend more taxpayer dollars to drive more students into bad deals at predatory colleges.
Rob Schneider has now joined other hired celebrities who validate and endorse the for-profit college industry, a sector where many of the major players are now under federal and state investigation for defrauding students and taxpayers.
In recent years, for-profit colleges and universities (such as the University of Phoenix) have heavily recruited veterans to become students. These institutions have a vested financial interest in doing so.
A librarian at a southern California campus of Everest College abruptly resigned last week, deeply upset that the for-profit school had admitted into its criminal justice program a 37-year-old man who appears to read at a third-grade level.
People's lives are being ruined by the cynical business model of predatory actors in the for-profit college industry, and the administration must take deliberate and strong measures to protect our students and our federal investment.
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.
As a result of their aggressive recruiting and their low investment in actual education, for-profit schools saw more than half of the students enrolled in 2008 leave within a median of four months, without a degree or certification, just troublesome debt.