June 30, 2014
gunderson

For-Profit College Group APSCU Has Consistently Harbored Fraudulent Schools

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.

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June 23, 2014
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Jeb Bush Denounces Obama Rule To Hold For-Profit Colleges Accountable for Burying Students in Debt

Former Florida Governor Jeb Bush (R) last week denounced President Obama’s proposed “gainful employment” rule, which is aimed at holding accountable those career education programs that take taxpayer dollars but consistently leave their students with overwhelming debt.  According to a post on Twitter by the trade association of for-profit colleges, APSCU, Bush on Wednesday told that organization’s annual convention in Las Vegas, “The new [gainful employment] regs are a sledgehammer to the entire field of higher education.”

Bush, a potential 2016 presidential candidate, has styled himself a champion of K-12 education policy reforms, and just two days earlier, Bush, addressing K-12 issues, …

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May 5, 2014
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Exposed: For-Profit Colleges’ Blueprint for Blocking Obama Regulations

Posted on the website of an accounting firm in Puerto Rico is a revealing PowerPoint presentation dated February 20, 2014, and credited to Steve Gunderson, the CEO of APSCU, the trade association of for-profit colleges. It outlines APSCU’s plan for defeating the Obama Administration’s key regulation aimed at holding for-profit colleges accountable for leaving students with insurmountable debt.

Gunderson’s presentation was in fact one of several apparently delivered by for-profit college representatives and advisors at a February APSCU meeting in Puerto Rico.  Collectively, these documents provide some valuable insights into the troubled for-profit college industry.

The Gunderson PowerPoint document lays out …

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April 28, 2014
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For-Profit Colleges Spend Big On Lobbyists to Fight Obama Regulation

With the May 27 deadline approaching to submit comments to the U.S. Department of Education, big for-profit colleges are pulling out all the stops to gut the Obama Administration’s proposed “gainful employment” rule, which is aimed at curbing predatory career training programs.  Taking some of the $33 billion a year they’ve been getting from taxpayers, the industry is spending big on lobbyists, with a continued heavy emphasis on hiring former Members of Congress and ex-Capitol Hill staffers. Buttressed by a steady flow of campaign contributions from the for-profit college industry to legislators, these lobbyists lean on their former …

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April 8, 2014
jeb

Jeb Bush To Address Convention of Predatory For-Profit Colleges

Former Florida Governor Jeb Bush (R) will be the keynote speaker at the Las Vegas annual convention of the trade association of for-profit colleges, APSCU, according to the group’s website.  Although some reputable, responsible colleges are members of APSCU, the organization is dominated by large companies, many of which — Corinthian, ITT, Education Management Corp., Kaplan, Career Education Corp., DeVry — are now under investigation by federal law enforcement agencies, state attorneys general, or both. Pending lawsuits brought by government authorities charge that big for-profit colleges have engaged in deceptive advertising; coercive boiler room recruiting targeted at …

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March 31, 2014
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Quiz: Which For-Profit College Are You?

Time to find out how badly you rip off students and taxpayers.

Read the book here.

PARODY. Not affiliated with anyone else’s Feed.

This article also appears on Huffington Post.

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March 14, 2014
GE data

Regulating For-Profit Colleges: On To The Next Round

This morning, the Obama Administration released its new proposed “gainful employment” rule, aimed at ending taxpayer support for college programs that claim to train people for careers as medical assistants, air conditioner repair technicians, or software coders, but instead consistently leave their former  students with shaky job prospects and insurmountable debt.

Most of the big for-profit colleges will automatically hate the new rule because, based on their outraged statements in public and private, they apparently believe their industry is entitled to a permanent flow of more than $30 billion annually in federal dollars, regardless of how poorly they are …

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March 3, 2014
Image: Bob Kerrey

Bob Kerrey To Keynote Meeting of For-Profit Colleges Charged With Abusing Vets

Former U.S. senator Bob Kerrey (D-Nebraska) will give keynote remarks at this spring’s annual convention of the for-profit college trade association, APSCU, in Las Vegas. It’s not really a surprise, since Kerrey recently co-authored a Wall Street Journal op-ed arguing against new federal rules to hold the troubled for-profit college industry accountable. But it’s a shame.

Kerry, a 1992 candidate for president who earned the Congressional Medal of Honor for his brave acts as a Navy Seal in Vietnam, has chosen to back an industry that has many big players who are systematically abusing students, notably our …

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