Scam: Websites Promising Jobs And Medicaid Are Instead Bait for For-Profit College Telemarketers
A network of U.S. marketing companies run glossy websites promising jobs, health benefits, food stamps, and heating assistance, sites with names like localemploymentnetwork.org or medicaidinsurancebenefits.com. But according to former employees of a company connected to these operations, the real purpose of these sites is a classic bait-and-switch: to get low-income people, single mothers, veterans, and unemployed older people on the
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Entitled For-Profit Colleges File Meritless Suit to Block Obama Rule
On Thursday, November 6, the national trade association of for-profit colleges, APSCU, sued the Obama Administration in federal court in Washington DC to strike down the new 2014 “gainful employment” rule. The complaint repeats many of the claims from APSCU’s suit to strike down the 2011 gainful employment rule: that the U.S. Department of Education didn’t have the
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New gainful employment rule is weak, but predatory for-profit colleges remain on the ropes
The Obama Administration is releasing its “gainful employment” rule, aimed at curbing abuses by federally-funded career colleges, at 7 am Thursday. I can’t fully evaluate the rule without seeing its details. But I have obtained a press release and fact sheet provided by the Administration to the media and also spoken to Administration and other
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2014 Campaign Shows Growing Public Disdain for Predatory For-Profit Colleges
In the 2o12 election campaign, when a reporter asked GOP candidate Mitt Romney what he planned to do about higher education and college affordability, Romney praised for-profit colleges, and particularly one school, Florida’s Full Sail University, for its ability to “hold down the cost of their education.” It was eventually exposed that: (1) Full Sail was perhaps the third most
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As For-Profit Colleges Fight For Their Right to Abuse Students, It’s Obama’s Time To Decide
The Obama Administration is scheduled to issue, within the next few weeks, a regulation called the gainful employment rule, aimed at cutting off federal student aid to college-level career training programs that consistently leave their students drowning in debt. Lobbyists for the for-profit college industry are pressing the White House hard to weaken the rule or
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Photos: Lavish Lifestyle of Miami For-Profit College CEO Indicted Today For Stealing From Taxpayers
A federal grand jury has indicted the former owner-CEO and three other ex-staff of Miami-based FastTrain College, a for-profit school that had ties to Florida Members of Congress before the FBI raided its campuses in 2012. The South Florida Business Journal reported late this afternoon that the former CEO, Alejandro Amor, 56, (pictured above), was arrested and appeared
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VIDEO: With Senator Warren Watching, Suze Orman Denies, Admits, Rationalizes Teaching at University of Phoenix
At an event in Washington DC this morning, speaking alongside Senator Elizabeth Warren (D-MA), financial guru Suze Orman at first seemed to deny what is a documented fact: that she teaches a personal finance course at the nation’s biggest for-profit college, the University of Phoenix. Then Orman admitted it, but offered a wholly unconvincing explanation.
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Consumer Protector Cordray: Corinthian Colleges Deceived And Bullied Students
For a couple of years now, I’ve argued that Corinthian Colleges might be the worst predator of all the big for-profit college companies, a remorseless giant engaged in endless abuses of students who needed career help, not more problems. But now that Corinthian, which was taking in as much as $1.4 billion a year in taxpayer
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