May 26, 2015
jackmassimino

Corinthian CEO Led For-Profit College Industry PAC

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 …

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May 20, 2015
Steve-Gunderson-President-CEO-APSCU

In Court, For-Profit Colleges Demand End to Gainful Employment Rule

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 …

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May 19, 2015
heald

Corinthian Colleges Fired Teachers Via Robo-Calls

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, …

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May 12, 2015
repweber

Jeb Bush Campaign Adviser Serves on Board of Predatory College ITT

Former Congressman Vin Weber (R-MN) is an advisor to the unofficial presidential campaign of Jeb Bush, as both Weber and the Bush camp have confirmed. Weber recently told Fox News, “I think that Governor Bush is right on track in terms of how he’s been thinking about this potential race and when he needs to get into it and what needs to happen.”

But Weber is much more than a Bush campaign advisor. He’s a lobbyist who has pressed his former colleagues in Congress on behalf of clients like AT&T, the pharmaceutical trade association PHRMA, student loan giant Sallie Mae, and …

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May 9, 2015
trace1

The Era of Predatory For-Profit Colleges Might Be Over

Even if predatory for-profit college companies can hang on for a period, restoring revenues while retaining their abusive practices, the era where they blatantly and arrogantly rip off and students and taxpayers, while Washington politicians and lobbyists do their bidding without apparent shame, is likely near its end. But to make that happen, the Obama Administration must act, and act with urgency.

For decades, bad actors in this industry have engaged in awful abuses, and for five years we’ve seen steady revelations of such misdeeds, including blatant deceptions by for-profit colleges to students and government overseers. But only in the past …

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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 …

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April 29, 2015
healdm

Corinthian Closing Misdeed: Allowing New Students To Enroll Just Before It Shut Down

If you don’t think there’s enough to criticize in Corinthian College’s long history of abuses, or in the U.S. Department of Education’s handling of Corinthian, consider these facts.

After years asleep at the switch, allowing predatory for-profit colleges to rip off students and taxpayers for billions annually, the Department finally took a decisive stand against egregiously bad acting Corinthian. The Department’s decisions, beginning last June when it put Corinthian on financial probation, eventually made it impossible for the company, which was sucking up as much as $1.4 billion per year in taxpayer money, …

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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 …

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