Jury Awards $13 Million To Single Mom Deceived By For-Profit College Tied to Mitt Romney
On Friday a Missouri jury awarded $13 million in punitive damages to a single mother who had been deceived by for-profit Vatterott College. Vatterott, which has a long record of abusing students and leaving them deep in debt, is owned by TA Associates, a private equity firm financially tied to Mitt Romney’s own private equity
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For-Profit College Trade Group: Protectors of Bad Behavior
The main trade association of for-profit colleges, APSCU, seems to exist for the purpose of protecting the worst, most abusive, most predatory conduct by its member companies. Why else would the association, once again last week, attack the U.S. Department of Education for seeking to implement a law that simply requires career colleges that receive
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For-Profit College Analyst Says “Subprime” Students Are To Blame
A Wells Fargo stock analyst, who boosts for-profit colleges while frequently overlooking their abuses, lays the blame for one particularly predatory college’s high failure rate at the feet of low-income students, or, as he calls them, “subprime” students. Summarizing a presentation by Corinthian Colleges, which has one of the worst records of serving students of
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Romney Is Selling His Transition Report Even Though It Was Funded By Taxpayers
Under a federal law enacted in 2010, taxpayers now fund efforts by presidential nominees to begin their White House transition efforts even before the election, by providing federal services and facilities to the transition operation. Mitt Romney was the first recipient of this sensible reform aimed at ensuring a stronger start for a new president.
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What I Just Told the Obama Administration About For-Profit Colleges
The U.S. Department of Education is now engaged in a series of public hearings on higher education issues, including reforms to curb the abuses of predatory for-profit colleges. It is also accepting written comments from the public. I attended the opening hearing last week in Washington, DC, and I tweeted (May 21) about the powerful presentations
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Christie to Climate: Drop Dead
New Jersey Governor Chris Christie received widespread praise for his determined, and anti-partisan, work to aid his citizens in the aftermath of superstorm Sandy. But when it comes to protecting his state against future extreme weather assaults, Christie morphs into another know-nothing partisan. In an interview last week on NBC’s Today, Matt Lauer pressed Christie on
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Keystone Pipeline Not a Big Deal — Say Interests Supported By Oil and Gas Industry
Last week, the Washington DC publication National Journal gave us the scoop, in an article entitled, “What People Close to Obama Think About the Keystone XL Pipeline”: Obama-connected environmental experts “are now saying publicly what many Democratic energy and climate advisers have said more privately over the past couple of years: The Keystone XL pipeline is
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Leon Panetta and Marc Morial Join the Board of Corinthian, For-Profit College With Troubling Record
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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