270 Search Results Found For: "corinthian"

A group of Democratic members of the House of Representatives are sending a letter this morning calling on the Department of Education to “automatically discharge the debt” of all students who attended campuses run by now-bankrupt Corinthian Colleges, one of the worst actors in the scandalized for-profit college sector. The letter, spearheaded by Reps. Keith Ellison (D-MN)
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A lawyer for shut-down Corinthian Colleges has written to a U.S. Justice Department lawyer investigating the for-profit college company, warning that some school records may be “abandoned” as soon as next month. The June 29 letter, obtained by Republic Report, opens a window into the Corinthian litigation, and also highlights questions about the U.S. Department of Education’s decision to
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Inside Higher Ed reports today that USA Funds, a corporation engaged in collecting federal student loan debts from borrowers, has sued the U.S. Department of Education over a policy statement the Department released last week barring companies from charging loan collection fees to students who default but promptly make arrangements to resume payments. USA Funds’s complaint says the
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An email newsletter obtained by Republic Report reveals that the political action committee of APSCU, the main lobbying group of for-profit colleges, was headed in 2012 by Jack Massimino, CEO of the now disgraced, bankrupt Corinthian Colleges. The newsletter also highlights the active involvement in APSCUPAC of other for-profit college executives whose companies are now under
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It’s been apparent for years that the for-profit college chain Corinthian systematically deceived and mistreated its students. Less well understood has been the company’s abuse of its workers, many of them hard-working and sincere teachers and administrators.  Many were underpaid, many were misled by their bosses, and sometimes they were directed to be party to bad behavior or else lose their
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Yesterday, Corinthian Colleges, one of the worst-behaving for-profit college companies, capped its dramatic collapse by filing for bankruptcy. A business that was getting as much as $1.4 billion a year in federal aid now has claimed in court that it has just $19 million in assets, but $143 million in liabilities. So who is owed all
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If you don’t think there’s enough to criticize in Corinthian College’s long history of abuses, or in the U.S. Department of Education’s handling of Corinthian, consider these facts. After years asleep at the switch, allowing predatory for-profit colleges to rip off students and taxpayers for billions annually, the Department finally took a decisive stand against egregiously bad
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An education technology executive who previously worked with the for-profit college industry told me last year, “The biggest misconception about for-profits is that they are schools. They are call centers that happen to have a school built around it.” That is a deadly accurate insight. Numerous federal and state law enforcement investigations, and media investigations,
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