September 23, 2016

Devastating Reports: ITT Tech Killed Itself

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Two new reports — one from a journalist, the other from an investment research firm — confirm in stark terms that former ITT Tech CEO Kevin Modany, his top lieutenants, and the company’s board of directors have only themselves to blame for the company’s collapse. ITT shut its campuses and declared bankruptcy after the U.S. Department
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September 21, 2016

Leaked Powell Emails Detail Ties to Key For-Profit College Investor

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The hacked emails from former Secretary of State Colin Powell have been widely noted because of Powell’s candid remarks about topics including Hillary Clinton, Donald Trump, and nuclear weapons. But Republic Report is intrigued by a series of exchanges about the for-profit college industry between Powell and Jeffrey Leeds, a key private equity investor in, and advocate
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September 21, 2016

New CEO Says DeVry Is Seeking to Resolve Deception Charges

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Lisa Wardell, who joined DeVry Education Group as CEO on May 24, says the for-profit college company is “working to resolve” claims made in a lawsuit by the Federal Trade Commission that DeVry misled students about job placement rates and salaries for its schools’ graduates. In an interview with Republic Report yesterday, Wardell maintained DeVry’s prior position that it
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September 6, 2016

Good Riddance: 6 Facts About Shut-Down ITT Tech

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This morning, one of the nation’s biggest for-profit colleges, ITT Tech, announced that it has permanently shut down its academic operations and fired the “overwhelming majority” of its more than 8,000 employees. In a typically self-pitying, remorseless statement, the company blamed all its woes on the U.S. Department of Education, which, ITT claimed, acted with “a
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August 1, 2016

Obama’s Last Chance to Protect Students & Taxpayers From Predatory Colleges

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This is the comment (pdf) I submitted today to the Department of Education regarding new rules aimed at protecting students and taxpayers from deceptive practices and other abuses by unscrupulous colleges.   Secretary John B. King, Jr. ,U.S. Department of Education   Re: Docket ID ED-2015-OPE-0103 Dear Secretary King: I thank you and the Department
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July 26, 2016

Industry’s Top Lobbyist: Stop “Assaults” On For-Profit Colleges

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Steve Gunderson, the former congressman (R-WI) who is the chief lobbyist for America’s for-profit colleges, warns in a new email, “There has never been a time when the economic, regulatory and political assaults on our sector have been stronger.” Gunderson, since 2012 the CEO of the discredited, depleted for-profit college trade group CECU (formerly APSCU),
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July 18, 2016

For-Profit Colleges Use Distortions to Enlist Students to Oppose Obama Rules

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Steve Gunderson, the former congressman (R-WI), who heads the discredited, depleted for-profit college trade group CECU (formerly APSCU), is working hard to defeat a new Obama Administration rule that would (1) provide debt relief for students who were defrauded by their schools and (2) take steps to hold fraudulent schools accountable.  In addition to efforts
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July 14, 2016

For-Profit Colleges Press Traditional Colleges To Oppose Obama Rules

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The for-profit college industry clearly is spending heavily to try to convince non-profit and public colleges to oppose new Department of Education regulations imposing accountability on badly-performing schools. Last week I wrote about how the industry has hired a former long-time New York Times reporter to try to argue to traditional higher education groups that
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