May 5, 2015
healdclosed

50,000 Owed Money by Corinthian Colleges Include Lobbyists, Scammers

Yesterday, Corinthian Colleges, one of the worst-behaving for-profit college companies, capped its dramatic collapse by filing for bankruptcy. 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 Intercept‘s Lee Fang yesterday noted some of the most interesting Corinthian creditors, listed in the company’s court filing. Some of those whom Corinthian promised money were public cheerleaders for the school and …

Continue Reading »

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
leave a comment
April 24, 2015

Mom Misled by Kaplan For-Profit College: Part of Miami Herald’s Blockbuster Industry Expose

A blockbuster, year-in-the-making investigative series about the for-profit college industry appears online in the Miami Herald today, and, as industry analysts at BMO Capital Markets predicted earlier this week, “Obviously, this is not going to portray the industry in a positive light.” It doesn’t, but that’s because the industry practices and conduct that the Herald found are simply abominable. (I have studied bad actors in this industry for five years and have found the same.) With both Hillary Clinton and Jeb Bush already addressing this issue, it’s one that’s drawing increasing public attention.

The Herald‘s disclosures about the way for-profit colleges have ripped off students …

Continue Reading »

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
2 comments
April 22, 2015
westwood

Abuses at Corinthian Are Mirrored At Other Big For-Profit Colleges

An education technology executive who previously worked with the for-profit college industry told me last year, “The biggest misconception about for-profits is that they are schools. They are call centers that happen to have a school built around it.”

That is a deadly accurate insight.

Numerous federal and state law enforcement investigations, and media investigations, have exposed an industry desperate to always be closing — signing up as many students as possible for high-priced, questionable quality career education programs, without regard to whether the programs will help a given student, or instead will leave that student unemployed and mired in …

Continue Reading »

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
2 comments
April 21, 2015
blunt

Senator Blunt Blames College Students for Borrowing

Parroting a familiar talking point by bad actors in the for-profit college industry, Senator Roy Blunt (R-MO), appeared last week to blame students for their high student loan burdens. After questioning Secretary of Education Arne Duncan at a Senate Appropriations Committee hearing on Thursday about regulations aimed at for-profit colleges, Blunt, a member of the Senate GOP leadership, said [VIDEO at 1:38:00]:

We ought to be talking about … the debt problem when you get out of school. How much of that related to the actual cost of going to school and how much it related to what you thought your …

Continue Reading »

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
1 comment
April 5, 2015
Benjaminflo

Student Debt Strike? Read This Texas Mom’s Powerful Words

The 100-plus former students of for-profit Corinthian Colleges who have boldly asserted that they won’t pay back their student loans have garnered widespread attention and provided a powerful jolt to the debates about predatory colleges and our nation’s mounting student debt. A measure of the students’ impact is the meeting they were able to obtain last week to make their case to top officials of the U.S. Department of Education.

I hope these officials will listen — and act boldly themselves. The clock is running out on the Obama Administration’s efforts to curb the abuses of for-profit colleges, and while …

Continue Reading »

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
2 comments
March 23, 2015
west-TX-explosion

Leaders Tell Obama: Time Running Out On Preventing Chemical Disasters

Late last week, hundreds of organizations and people sent a letter to President Obama warning that his administration is running of time to act on an issue long-identified by the President as essential to our national security and public safety: protecting our people from the dangers of accidents or deliberate attacks at U.S. chemical plants.

I signed this letter, along with leaders including retired Army General Russel Honore, the commander of Task Force Katrina, and 9-11 widow Kristen Breitweiser, and organizations including the Environmental Justice Health Alliance, United Steelworkers, Sierra Club, and Greenpeace.

I have been involved in the effort to get …

Continue Reading »

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
2 comments
March 12, 2015

VIDEO – Durbin: Corinthian Buyer ECMC Is Breaking Its Promises

In a floor speech today, Senator Dick Durbin (D-IL) said he was “troubled” that ECMC, the debt collection company that has acquired more than 50 campuses of collapsing for-profit college chain Corinthian, is “already, just weeks into owning and operating these schools, failing to live up to the promises they made to the students and to me.” Durbin said that ECMC’s CEO, Dave Hawn, had indicated that he had listened to the concerns of Durbin and others and agreed to drop a policy forcing students to give up their right to bring grievances with the school to court. But Hawn did not tell Durbin …

Continue Reading »

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
leave a comment
March 12, 2015
For-profits-large2

What Law Students — and Everyone — Should Know About For-Profit Colleges

This article originally appeared in the Harvard Law Record, a student-run publication. It also appears on Huffington Post

I’m a Washington DC lawyer and policy advocate, and I spend a couple days a week trying to expose and end the abuses of a particularly bad industry: predatory for-profit colleges. I am regularly contacted by industry employees who no longer can live with being part of an immoral enterprise:

• The marketer at a Utah “lead generation” company who is assigned to placing fake ads for non-existent jobs on the Internet, aimed at luring unemployed people to provide their …

Continue Reading »

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
3 comments
-->