On Monday, U.S. Secretary of Education Arne Duncan and Under Secretary Ted Mitchell had a conference call for reporters to announce the Department’s plans to offer debt relief for students from the now-collapsed, predatory Corinthian Colleges. I offered some analysis that day about the announcement, but here’s the whole transcript. It contains some of the most emphatic statements ever from Duncan on the abuses of for-profit colleges — and the complicity of many Members of Congress.
Press Call on Student Borrower Protections, Assistance
June 8, 2015
2 p.m. ET
Coordinator: Welcome and thank you for standing by.
At this time, all participants will be on …
Nick Akins, president and CEO of American Electric Power, was announced as the elected chairman of the Edison Electric Institute (EEI) yesterday at the association’s annual meeting in New Orleans. EEI is the national trade association representing investor-owned electric utility companies.
Joining Akins on EEI’s leadership team as vice chairmen will be these four industry executives: Tom Fanning of Southern Company; Chris Crane of Exelon Corporation; Pat Vincent-Collawn of PNM Resources; Greg Abel of Berkshire Hathaway Energy.
U.S. Secretary of Education Arne Duncan just announced a debt relief package for students who attended schools run by now-bankrupt Corinthian Colleges. In doing so, Duncan sharply attacked for-profit colleges that have engaged in fraudulent acts, and he criticized members of Congress who have blocked reforms to hold the industry accountable.
Duncan said on a 2 pm ET Monday conference call, “You’d have to be made of stone not to feel for these students.” He said that many of the students “ended up with huge debt, worthless degrees … if they got a degree at all.”
Using some of his toughest language to date regarding …Continue Reading »
The New York Post today reports on an astounding fact that has been in plain sight for more than a year: Washington business scion Donald Graham has co-founded a scholarship program for young immigrants that is sending some of its students, and donor dollars, to colleges owned by Donald Graham’s own for-profit company.
When I read this fact in February 2014 in the Washington Post, the newspaper formerly owned by Graham’s company, I was taken aback. It seemed like a clear conflict of interest. But then, there have been many troubling actions by the for-profit college industry, including by Graham Holdings’ for-profit college …
Emails obtained and released today by the Environmental Integrity Project show that the Texas Commission on Environmental Quality (TCEQ) worked behind closed doors with the state’s electric power trade association and utility companies to weaken standards for air pollution control permits.
The emails and documents reveal that Association of Electric Companies of Texas (AECT) and utility employees held private meetings with state regulators to discuss revisions to the permits and provided language that was incorporated verbatim by the regulations into the final text of the revised permits. The language ended up nullifying the federal Clean Air Act hourly limits on particulate pollution during the …
An email newsletter obtained by Republic Report reveals that the political action committee of APSCU, the main lobbying group of for-profit colleges, was headed in 2012 by Jack Massimino, CEO of the now disgraced, bankrupt Corinthian Colleges. The newsletter also highlights the active involvement in APSCUPAC of other for-profit college executives whose companies are now under investigation — or have been penalized or shut down — by law enforcement.
The involvement of these executives and other information exposed in the newsletter add to the long list of reasons to doubt the credibility of APSCU, the prime mover of efforts to rid for-profit colleges …
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.
Despite the mountain of evidence that many for-profit colleges have engaged in predatory behavior by deceiving, under-educating, and overcharging students, despite the scores of lawsuits and investigations underway by federal and state law enforcement, these for-profit colleges are demanding permanent entitlement to billions annually from taxpayers without having to meet any real measures of success at all.
The issue …
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 and administrators. Many were underpaid, many were misled by their bosses, and sometimes they were directed to be party to bad behavior or else lose their jobs.
The final indignity arrived as Corinthian shuttered all its remaining campuses a few weeks ago: Corinthian fired at least some of its teachers without any human involvement. Instead, the teachers were fired by robo-call.
The San Bernadino County Sun reported late yesterday on Michelle Wallace, …