A federal grand jury has indicted the former owner-CEO and three other ex-staff of Miami-based FastTrain College, a for-profit school that had ties to Florida Members of Congress before the FBI raided its campuses in 2012.
The South Florida Business Journal reported late this afternoon that the former CEO, Alejandro Amor, 56, (pictured above), was arrested and appeared in federal court in Miami today, along with former admissions officers Jose W. Gonzalez, Michael Grubbs, and Anthony Mincey. The 15-count indictment charged the four with theft of government funds, and each could face five years …Continue Reading »
At an event in Washington DC this morning, speaking alongside Senator Elizabeth Warren (D-MA), financial guru Suze Orman at first seemed to deny what is a documented fact: that she teaches a personal finance course at the nation’s biggest for-profit college, the University of Phoenix. Then Orman admitted it, but offered a wholly unconvincing explanation.
The event, hosted by Politico and sponsored by Starbucks, addressed the issue of educational opportunity and student debt, issues on which Senator Warren has been a leader. Having read a tweet I sent yesterday, Politico reporter Allie Grasgreen asked Orman a highly relevant question:
Q: Suze, are …
For a couple of years now, I’ve argued that Corinthian Colleges might be the worst predator of all the big for-profit college companies, a remorseless giant engaged in endless abuses of students who needed career help, not more problems. But 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 Corinthian’s horrid acts might allow other terrible actors in the for-profit college industry to sneak out the back door.
Indeed, the rest of …
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.
On his HBO show “Last Week Tonight,” Oliver attacked these profit-making colleges for their sky-high prices, meager spending on instruction, and deceptive and coercive recruiting tactics, including the enrollment of soldiers who had brain injuries and couldn’t even name the courses they’d signed up for. Oliver added, “I will say this for for-profit colleges: They’ve just given us all a first-class education in the depths of human depravity.” Oliver noted that …
Louisiana Senator David Vitter made headlines with conservative websites in the last few days by releasing a report called Chain of Environmental Command: How a Club of Billionaires and Their Foundations Control the Environmental Movement and Obama’s EPA.
Below the lengthy title is a report that claims breathlessly that environmental and public health foundations are part of a cabal of “a close knit network of likeminded funders, environmental activists, and government bureaucrats” responsible for spreading “bogus propaganda disguised as science and news to spread an anti-fossil energy message to the unknowing public.”
The report goes on to list groups such as the …
Are “Susan and Dave” a for-profit college student, or the parents of a for-profit college student? From the comments they posted on two different websites this week, seems like, both. 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.
The mess that Corinthian Colleges’ management has left for students, staff, and shareholders might have been avoided had there already been a strong “gainful employment” rule in place. The rule, which the Obama Administration has been seeking to enact for almost five years …
If Republicans win control of the U.S. Senate this year, Senator Jim Inhofe (R-OK), a lawmaker famous for his belief that the entire body of climate science research is a “hoax,” will take control of the Senate Committee on Environment and Public Works, which oversees matters relating to pollution and environmental problems.
So it should be little surprise then that Inhofe made an appearance by video last week at the Heartland Institute, a think tank famous for peddling big business-friendly viewpoints on behalf of corporate sponsors, during a conference for climate change skeptics. The group, like Inhofe’s political action …
I mailed this letter today to Mr. Arthur E. Benjamin, Vice Chair, American Institutes Holdings LLC; Mr. Donald E. Graham, Chairman and CEO, Graham Holdings Company; and Mr. Steve Gunderson, President and CEO, Association of Private Sector Colleges and Universities.
Dear Mr. Benjamin, Mr. Graham, and Mr. Gunderson:
I am writing regarding the career college sector and the gainful employment rule. The Obama administration’s proposed rule, implementing a congressional requirement, would, eventually, remove federal student aid from some career education programs that consistently leave their students with debt they cannot afford to repay.
Companies …Continue Reading »