September 16, 2014

Consumer Protector Cordray: Corinthian Colleges Deceived And Bullied Students

Richard Cordray

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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September 15, 2014

Bill Maher, John Oliver Slam Predatory For-Profit Colleges

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In a single week, two of America’s best comedic truth-tellers — John Oliver and Bill Maher — hit hard against the predatory for-profit colleges that rip off taxpayers and ruin students’ lives. On his HBO show “Last Week Tonight,” Oliver attacked these profit-making colleges for their sky-high prices, meager spending on instruction, and deceptive and coercive
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September 10, 2014

APSCU, Chamber Sought to Stack Rulemaking Panel With Execs From Troubled For-Profit Colleges

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The main lobbying group for America’s for-profit colleges, APSCU, proposed last year to stock the Department of Education’s 28-member negotiated rule-making panel on the crucial “gainful employment” rule with 11 nominees, nine of whom were executives at APSCU-member for-profit college companies, including multiple companies now under investigation by law enforcement. Correspondence obtained from the education department by Republic
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September 3, 2014

“Back to the Future” for career colleges: What we have to do to regain credibility

Many for-profit colleges get about 90 percent of their revenue from federal financial aid. For-profit schools have 13% of U.S. students by nearly half of all student loan defaults.

In this guest post, Raul Valdes Pages addresses his colleagues in the for-profit college industry. Raul Valdes Pages was the founder and CEO of Denver Technical College, a for-profit school offering associate, bachelor and master’s programs. He also has served as CEO of Sextant Education and marketing manager and vice president at DeVry. He is
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August 29, 2014

Charles Koch Personally Founded Group Protecting Oil Industry Hand-Outs, Documents Reveal

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‘Lifestyles of the Rich Environmentalists,’ produced by a group called the Institute for Energy Research, is a slick web video campaign designed to lampoon Leonardo Dicaprio and will.i.am as hypocrites for supporting action on climate change. The claim is that wealthy celebrities who oppose industrial-scale pollution supposedly shouldn’t fly in airplanes that use fossil fuels. The group, along with its subsidiary, the American
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August 28, 2014

Obama: We’ll Protect You Against Predatory Colleges. Students: Please Do

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Speaking at the American Legion convention in Charlotte Tuesday, President Obama pledged, “For veterans going back to school under the Post-9/11 GI Bill, we’ll keep standing up against dishonest recruiting and predatory practices that target and prey on you and your families.”  The President has made clear that he understands the scam perpetrated by many for-profit
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August 26, 2014

What college was Michael Brown about to attend?

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Had Michael Brown not have been shot to death by a police officer, he might have had his financial future ruined by the college he was about to attend. It has been widely reported that Brown had enrolled at for-profit Vatterott College, although the school has declined to confirm that information. Vatterott, whose investors include Mitt
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August 26, 2014

Dept. of Education letter: Corinthian misled students and overseers about job placement

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Republic Report has obtained a toughly-worded 17-page letter sent on Friday from the U.S. Department of Education to collapsing for-profit Corinthian Colleges, with the government charging that Corinthian’s Everest Institute misrepresented job placement statistics at its Decatur, Georgia, campus to the school’s accrediting agency and to students.  The Corinthian school did so, according to the Department’s August 22 letter
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