763 Search Results Found For: "for-profit colleges "

Last year, President Obama warned our military servicemembers that some for-profit colleges “aren’t interested in helping you…. They are interested in getting the money.” He called the schools’ conduct “disgraceful” and told the troops that these schools are “trying to swindle and hoodwink you.”  Holly Petraeus, who directs service member affairs at the Consumer Financial Protection
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At a press conference Monday, Sens. Tom Harkin (D-IA), flanked by Sen. Richard Blumenthal (D-CT) and Rep. Elijah Cummings (D-MD), unveiled a new report looking at the abuses against students by the for-profit college industry, which is largely subsidized by the taxpayer with few strings attached. In recent months, abuses against veterans in particular have come
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The for-profit college industry includes many schools that are scamming students and taxpayers. The industry accounts for 11 percent of college students but a whopping 44 percent of student loan defaults. Meanwhile, the industry has sucked up billions of dollars of taxpayer money through loans and grants without any proper oversight. The reason it can do
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Today, at Fort Stewart, Georgia, President Obama will sign an executive order to help active duty military members, veterans, and their families get the information they need to select college programs paid for with federal aid.  The order also strengthens oversight and accountability for schools that offer these educational programs.  Schools will be required to give
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Since former Congressman Steve Gunderson (R-WI) was named in January as the new head of the largest for-profit college association, APSCU, there has been talk that he might take a “kinder, gentler” approach to leading the troubled industry, which has pursued a take-no-prisoners lobbying approach in Washington. But having read Gunderson’s pronouncements in recent months, and
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On Tuesday, the U.S. House of Representatives, by a vote of 303-114, passed a bill to block Department of Education rules that would help hold for-profit colleges accountable for abusing students and taxpayers.  The vote represented another effort by the House, under the sway of campaign contributions and intense lobbying from the wealthy for-profit college industry, to
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Congressman Buck McKeon (R-CA), the Armed Services Committee chairman best known today for his unapologetic support for pork spending for military contractors, has faced a recent wave of stories concerning evidence that suggests that he has used his elected office to directly benefit himself and his family. First, the Wall Street Journal last month reported
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Corinthian Colleges CEO Jack Massimino and National Urban League CEO Marc Morial held a conference call this afternoon to announce an “Historic Educational Partnership.” Corinthian, a for-profit education company, plans to provide “approximately” $1 million for an Urban League program to help 200 students in Orlando, Florida, and Pittsburgh, Pennsylvania, to prepare for the GED exam so they
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