Politico reports this morning that Trump Secretary of Education Betsy DeVos may be ready to reverse the Obama Administration’s 2016 decision to reject the application of the predatory CollegeAmerica/Stevens-Henager chain to be treated as a non-profit school for purposes of Department regulation. That would be good for the chain’s wealthy operator, Carl Barney, but, as with
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An investigative report released this morning documents how some for-profit college owners have converted their companies into non-profit schools in a way that allows them to evade the regulatory obligations and deservedly bad reputation of for-profits while continuing to reap enormous financial benefits.  These operators have done so, the report finds, by subverting the rules governing non-profit schools, while the
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A state court in Denver has just unsealed the complaint that the Colorado attorney general brought late last year against CollegeAmerica / Stevens-Henager, a former for-profit college network that recently converted to non-profit status. The school’s conversion seems to enrich its founder in ways that disturbingly distort the concept of a non-profit, but its apparent abuses of
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