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.
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For-Profit College Execs To Get Lobbying Tips From Former Tobacco Official
It’s become increasingly clear from law enforcement, congressional, and media investigations that many for-profit colleges are selling a product that can be toxic to students — high-priced, low-quality programs that often leave graduates and dropouts alike without improved career prospects and paralyzed by student loan debt, often $100,000 or more. So when the for-profit college
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BREAKING: Federal Consumer Agency Sues For-Profit College ITT Tech
The federal Consumer Financial Protection Bureau this morning filed a civil lawsuit against for-profit college company ITT Educational Services, seeking restitution to students allegedly harmed by ITT’s private loan programs, a civil fine, and an injunction against the company. The CFPB filed its complaint in federal court in Indianapolis, near ITT’s headquarters. UPDATE [1:15 pm]:
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NY Times Columnist Spun By For-Profit College Misinformation
New York Times economic columnist Eduardo Porter has a piece this morning seeking to raise doubts about the Obama Administration’s proposed “gainful employment” rule. The rule would, eventually, take away eligibility for federal student aid from career training programs that consistently leave their students with overwhelming debt. While Porter does quote some proponents of the
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WOW: You Won’t Believe What This For-Profit College Lobbyist Just Said (and Did)!
Steve Gunderson, the former congressman (R-WI) who heads APSCU, the lobbying group for America’s for-profit colleges, seems to be getting desperate. The industry he represents is seeking once again to block the Obama Administration from issuing a “gainful employment” rule that would, eventually, cut off federal student aid to career training schools that consistently leave
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Whistleblower Lawsuit Versus Harris For-Profit College is Tip of the Iceberg
A front-page New York Times article on Thursday reported on a lawsuit brought by former employees of the for-profit Harris School of Business alleging fraud at the school. The suit, filed under the federal whistleblower law, asserts that Harris regularly misleads students about the value of its programs, and signs up even students who have little
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Obama Must Not Coddle For-Profit Colleges Facing Fraud Probes
The Obama Administration’s “gainful employment” rule, aimed at protecting students from predatory career colleges, has gone from the Department of Education to the White House Office of Management and Budget, which is holding meetings with interested parties. These include representatives of our coalition of student, veterans, civil rights, consumer, and other groups seeking a strong
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Minn. Court Upholds Big Jury Verdict Against Globe For-Profit College
Last August, a Minnesota jury awarded Heidi Weber, a former dean at for-profit Globe University, $395,000 in damages against the school. Weber alleged that she was fired for complaining that Globe used false job placement statistics and engaged in other misconduct to recruit students. On Tuesday, the trial judge in the case rejected Globe’s motion
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