At Investor Conference, For-Profit Colleges Tout Success, Ignore Controversy
Yesterday I listened over the web to two CEOs of for-profit education companies make presentations at an investor conference in Scottsdale, Arizona. Neither man had anything to say about the overwhelming evidence that for-profit schools have engaged in waste, fraud, and abuse with federal tax dollars. Instead, both touted their companies, and one announced a startling
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Exclusive: The Blueprint Of The For-Profit College Newspeak Campaign
Shakespeare’s Juliet told her Romeo, “What’s in a name? That which we call a rose by any other name would smell as sweet.” The star-crossed lovers could not have known that centuries later those words would be invoked by one of America’s most controversial industries in a manner more worthy of Orwell’s 1984. A
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Romney Has Some Great Friends Who Are For-Profit College Owners
It’s not just NASCAR. Mitt Romney’s “great friends” tend to be owners of things, owners who can make large contributions to his campaign and associated Super PAC. Large donations are troublesome because they suggest the donor will have outsized influence on the politician if elected. It’s more troublesome when these great friends own businesses that
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House, in Latest Pledge of Fealty To Donors, Votes Against Accountability for For-Profit Colleges
On Tuesday, the U.S. House of Representatives, by a vote of 303-114, passed a bill to block Department of Education rules that would help hold for-profit colleges accountable for abusing students and taxpayers. The vote represented another effort by the House, under the sway of campaign contributions and intense lobbying from the wealthy for-profit college industry, to
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Controversial For-Profit College Industry Gets Half of All The Funds From Vets Tuition Program
Senator Tom Harkin (D-IA) just released new Defense Department data showing that the troubled for-profit college sector — which has left many American deep in debt — received half of all military Tuition Assistance dollars last year — $280 million out of $563 million for college grants for active duty military. During their decade of explosive
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Santorum Seeks To Out-Compete Romney On Fealty To For-Profit College Industry
As Ricksanity intensifies, Mitt Romney’s upstart challenger, Rick Santorum, appears ready to compete on yet another plane. Call it the For-Profit College Primary, with no delegates but lots of campaign cash up for grabs. Romney certainly has staked his claim to be the For-Profit Education President. He has gushed on the campaign trail about for-profit
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For-Profit College Chieftains in Tahoe: Skiing, Steams, and Signature Cocktails
The Huffington Post’s Chris Kirkham travelled to the “palatial Ritz-Carlton, Lake Tahoe resort” for the “senior executive management seminar” of the for-profit college trade group APSCU. As Kirkham notes, the vast majority of for-profit college revenue (more than 90 percent for many schools) comes from federal financial aid, so we all paid for the for-profit execs
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George W. Bush To Speak At Vegas Convention Of For-Profit College Industry Enriched By His Administration
Former President George W. Bush will speak at the annual meeting of APSCU, the leading association of for-profit colleges, on June 22 at the Mandalay Bay Hotel & Casino in Las Vegas. Bush is an appropriate speaker, in a sense, because his Administration’s deliberate actions made it easier for bad actors among for-profit schools to
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