For-Profit College Investor Now Owns Controlling Share of Leading Education Trade Publication
Quad Partners, a New York private equity firm that is invested heavily in the for-profit college industry, and whose founder has aggressively opposed regulation of that troubled industry, has acquired a controlling stake in the respected trade publication Inside Higher Ed (IHE), which often reports on for-profit colleges and the policy disputes surrounding them. There has been no public announcement,
Continue Reading >>>
Declaring Corinthian Colleges Too Big To Fail: A Terrible Idea
The U.S. Department of Education has blessed a deal under which a non-profit student debt collection company, Minnesota-based Education Credit Management Corporation (ECMC), will pay $24 million to acquire 56 campuses, operating under the brands Everest and WyoTech, owned by collapsing Corinthian Colleges, one of the most abusive and deceptive for-profit college companies. The terms
Continue Reading >>>
30 years after Bhopal, Long Past Time To Make Chemical Plants Safer
Thirty years ago this month, a gas leak at a Union Carbide pesticide plant in Bhopal, India, created a toxic cloud that eventually killed perhaps 20,000 people and injured 500,000 more. No chemical accident since then has approached the scale of the Bhopal disaster, but chemical plant tragedies continue every year, including in the United States — most
Continue Reading >>>
Neutron CEO Tells Customers That Republic Report Stories Are False; Ex-Employees Disagree
While one for-profit college in Miami, called FastTrain, has just been sued by law enforcement for, among other things, allegedly hiring scantily-clad women to lure men to its admissions office (an allegation noted by Republic Report back in May 2012), another group of operators in Salt Lake City has been using a different scam — phony bait-and-switch websites —
Continue Reading >>>
For-Profit College Marketer Thrived By Posting Fake Ads To Popular Job Sites
Neutron Interactive, a Salt Lake City-based business, regularly posted fake job listings on popular job websites including Monster.com and CareerBuilder.com for the purpose of tricking job-seekers into visiting its own websites, according to former Neutron employees. These Neutron Interactive websites, still operating today, also promise jobs, but in reality they usually offer none; their real purpose, say these former
Continue Reading >>>
ECMC CEO Explains Deal To Buy Troubled Corinthian Campuses
Confirming rumors that have swirled for weeks, today ECMC Group announced it has reached an agreement to acquire 56 of the 107 campuses now owned by the crumbling, discredited Corinthian Colleges for-profit chain. A corporate filing from Corinthian says the purchase price is $24 million. I spoke with ECMC’s CEO Dave Hawn this morning to discuss. ECMC, a
Continue Reading >>>
Still More Scam For-Profit College Websites – Linked to Dallas Mystery Man
I reported yesterday and this morning on scam websites that promise people help with jobs, food stamps, heat assistance, Medicaid — things that low-income and working Americans want — but the sites are really just fronts to get people’s phone numbers, so workers at a call center in Utah can pitch them on enrolling in
Continue Reading >>>
More Scam Websites to Lure the Poor to For-Profit Colleges
Yesterday I reported on how a Utah-based company, Neutron Interactive, operated a website that promised jobs but was in reality a scam — it seemed to function mainly to send customer leads to at least one other company’s Salt Lake City call center, called EdSoup, whose only purpose, in turn, is to recruit people,
Continue Reading >>>







