The Wall Street Journal today published an op-ed arguing against providing broad student loan debt relief for people who were deceived by their colleges. The co-authors of the article, Jorge Klor de Alva and Mark Schneider, contend that such relief will be expensive — potentially more than $1 billion for students of now-shuttered for-profit Corinthian Colleges
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Mitt Romney will charge in a speech today, according to excerpts released in advance, that Donald Trump’s “promises are as worthless as a degree from Trump University.” Romney’s attack follows Marco Rubio’s recent hits on Trump’s unlicensed for-profit business “school”; at the last GOP debate, Rubio charged, “There are people that borrowed $36,000 to go to
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A website displaying McDonalds’ famed golden arches and promising jobs at the fast-food empire quickly pushes visitors instead to recruiters at for-profit colleges, including those owned by two of the largest and most troubled companies in this sector — ITT Tech and Education Management Corporation (EDMC). Republic Report has exposed in the past websites that promise
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For-profit college company DeVry Education Group announced last week that the Chancellor of the University of California-Davis, Linda Katehi, had joined its board of directors.  Today, after facing criticism from public interest organizations and a California legislator, Katehi quit the DeVry board. The Federal Trade Commission sued DeVry in January for alleged deceptive advertising.  The company
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Last week, when Marco Rubio charged Donald Trump with illegal labor practices, Trump dismissed the claims as old news, leading Rubio to respond, “I guess there’s a statute of limitation on lies.” Meanwhile, in a New York court, Trump had raised an actual statute of limitations defense to fraud claims brought by New York attorney
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After six years of engagement on the issue of America’s predatory for-profit colleges, I feel I’ve seen it all — every kind of account of students deceived and abused by cynical college operators who have taken billions in federal student aid money, of slick industry lobbyists using campaign cash to avoid accountability measures, of government
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Last week, Secretary of Education John King and Undersecretary Ted Mitchell announced the creation of a new enforcement division, headed by an experienced Federal Trade Commission lawyer, to crack down on deceptive practices by colleges, particularly in the abusive for-profit college sector. It was one of those days when it looked like the Department, long
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On Monday, the University of Phoenix’s owner, Apollo Education Group, announced a $1.1 billion deal to be acquired by a group of investors including Apollo Global Management (no relation) and the Vistria Group, a private equity firm that includes Tony Miller, who was Deputy Secretary of Education under President Obama from 2009-2013. Miller would become Chairman of the Apollo Education
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