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

The Government Accountability Office has just released an extensive report concluding that both the Internal Revenue Service and the U.S. Department of Education have failed to address the dangers that conversions of for-profit colleges into non-profit colleges can result in improper financial benefits for the previous owners of those schools. Republic Report revealed in November
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On a quarterly earnings call for investors last week, Todd Nelson, the CEO of Perdoceo Education Corporation, bragged about his company’s financial success providing online career training programs, especially during COVID-19. “The pandemic has further reinforced and validated the value proposition of online learning,” Nelson declared, “and I believe that our primarily online universities and
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Betsy DeVos’s four-year effort to do the bidding of predatory for-profit colleges and trash rules to hold them accountable has had mixed results. Some awful schools seem to be thriving, while others have continued to collapse under the weight of their own bad behavior.  The next casualty may be an East Coast operation — including
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In recent months, we’ve highlighted on this site some for-profit and career colleges whose predatory abuses against students should disqualify them from eligibility for federal student grants and loans, yet the Donald Trump-Betsy DeVos education department keeps sending them millions of our tax dollars each month; Ashford University, Florida Career College, American Intercontinental/Colorado Tech, and
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Each year, the for-profit college lobby group CECU holds a November “CEO Summit,” a gathering where top industry executives take stock and address the challenges ahead. Notably, at the 2016 summit, the big speaker was former House speaker Newt Gingrich, who was both a close associate of CECU CEO Steve Gunderson, and an early supporter
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Last week, US News reported on a pair of emails that Steve Gunderson, the CEO of the for-profit colleges’ trade association, CECU, sent to his members.   In one, Gunderson, a former Republican congressman, makes blatant the organization’s preference for a Donald Trump and GOP victory in 2020 — a partiality that is not surprising, given
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Almost three years after Colorado’s attorney general took the CollegeAmerica and Stevens-Henager chains of career training schools to trial on charges of defrauding students, a state judge finally issued a verdict: The schools are guilty of fraud and must pay a $3 million judgment, as penalties for violating the state’s Consumer Protection Act. The court
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For-profit company Zovio has just announced it is selling Ashford University to public University of Arizona for $1, but Zovio gets a lucrative 15-year contract to “service” the school. The arrangement looks eerily similar to the dubious deal where Indiana state university Purdue bought for-profit Kaplan, which had a record of abusing students, to create
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