The mantra is everywhere: a college education is the only way to climb out of poverty and create a better life. For-profit schools allow Wall Street investors and corporate executives to cash in on this faith.
It's hard to square Orman's initial denial with the admission that immediately followed. Perhaps it was a lawyerish parsing -- "it depends on what the meaning of 'at' is."
This past Friday, Bill Maher announced Rep John Kline as the winner of his #FlipADistrict Campaign, a contest which Maher created to find the worst representative in the country and oust them from office.
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.
In a single week, two of America's best comedic truth-tellers -- John Oliver and Bill Maher -- hit hard against the predatory for-profit colleges that rip off taxpayers and ruin students' lives.
What is striking is that APSCU not only demanded a super-sized contingent of for-profit college representatives on the panel but also proposed for membership some of the most abusive for-profit college companies.
Much like car title loan companies and paycheck lending companies, for profit colleges prey on poor and minority students, saddle them with debt, and leave them with only debt, as their degree is often worthless in the job market.
Democrats have established a track record of being tone deaf when addressing military and veteran issues. Though not a matter of life and death, consider the way some Democrats have dealt with a subject that is important to many active and retired servicemen -- college.
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.