Aggressive Subprime College Industry Lobby Group Ratchets Down — For Now
The $35 billion for-profit college industry gets most of its revenue –for many of the big schools, over 90 percent of its revenue — from federal financial aid, a.k.a. your tax dollars. The industry has lobbied hard in recent years to avoid accountability for high-priced, low-quality programs, even after multiple investigations have exposed waste, fraud,
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House GOP Effort To Please Subprime College Donors Completely Backfires
Standing before soldiers at Fort Stewart, Georgia, last month, President Obama signed an executive order to protect U.S. troops, veterans, and their families from predatory abuses by some for-profit colleges. Obama delivered powerful remarks, charging that such for-profit schools “aren’t interested in helping you…. They are interested in getting the money.” He called the schools’ conduct “disgraceful” and
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Romney’s Disastrous Education Agenda: Reward His Donors, Make Sure Money Dominates Politics
Mitt Romney has just released his plan for educating America’s young people, and it’s wholly consistent with his overall philosophy: Allow money to dominate politics, and everything will work out great. Except that, when it comes to policies on college education, we tried that approach under George W. Bush, and it was a disaster for
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Fla. Rep. Hastings Tied To FastTrain, For-Profit College Raided by FBI
The FBI raided campuses of Florida-based FastTrain College on Wednesday. The for-profit school has multiple ties to Representative Alcee Hastings (D-FL), who has been a fervent backer of for-profit education companies. This industry has lobbied Congress fiercely in recent years to avoid accountability for waste, fraud, and abuse at the expense of students and
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VIDEO: Industry Groups Insist On Charging You $1,195 To Read A Public Law
Today, private organizations charge U.S. citizens hundreds of dollars simply to read a copy of standards they issue, standards that regulate things like gas pipeline safety, crane usage, and toy manufacturing — even though citizens are required to obey those standards, because the federal government has incorporated them into regulations. This adds up to tens
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5 Reasons Mitt Romney Would Be The First Corporation Elected President
“Corporations are people, my friend,” Mitt Romney enthusiastically exclaimed last fall at the Iowa State Fair. Romney was referencing legal principles that give business corporations many of the rights possessed by actual human beings. But Romney is more than the exponent of this idea, he is its embodiment. If Romney wins in November, it will
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Michelle Rhee Says She’ll Tell For-Profit Colleges To Clean Up Their Act
Michelle Rhee writes in the Huffington Post that “some have questioned” why she would speak at the upcoming annual meeting of the largest trade group of for-profit colleges, APSCU, and she offers an answer. I first raised this question 10 days ago, so I want to evaluate Rhee’s response. First of all, Rhee, the former chancellor
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A Good Day: Obama Stands With Troops Instead of Wealthy Predatory Colleges
At Fort Stewart, Georgia, today, President Obama signed an executive order aiming to protect U.S. troops, veterans, and their families from the predatory abuses of some for-profit colleges. It remains to be seen if this new directive will do enough to guide our service members into programs that actually help them build careers — and away
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