Corinthian Colleges announced today that Leon Panetta, until recently the U.S. Secretary of Defense, and Marc Morial, President and CEO of the National Urban League, have joined the for-profit college company’s board of directors. In a field marked by ripoffs of students and taxpayers, Corinthian, which operates under the school names Everest, Heald, and Wyotech, has
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If you were teaching a course on how to manage personal finances, one of the best pieces of advice you could give is to avoid attending a for-profit college. A series of government and media investigations have exposed that signing up with a for-profit college could well be one of the worst financial decisions a
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The U.S. Department of Education announced this morning that it will conduct new hearings and rulemaking proceedings on a range of higher education issues, including the contested “gainful employment” rule, which is aimed at curbing the abuses of predatory for-profit colleges. Last month, a federal judge delivered his second blow in less than a year to the gainful
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