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

US Fund to Fight Global Climate Change Is Less Than Annual Payout to A Single For-Profit College

posted on December 14, 2015 by

Last week, at a critical point in the Paris negotiations on global climate change, Secretary of State John Kerry announced that the United States would commit $800 million annually to help developing nations adapt to a warming climate and move to cleaner energy.  $800 million doubled the prior U.S. pledge, and the announcement may have
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Congress On Verge of Big Gift to For-Profit College EDMC

posted on November 30, 2015 by

After settling multiple law enforcement investigations this month on absurdly favorable terms, troubled for-profit college company Education Management Corp. (EDMC) may be on the verge of getting a sweetheart deal from Congress — a deal that could compound the harms that the company already has caused to students and taxpayers. A provision in the highway bill
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Strip Mall For-Profit College Owners Locked Up; Wall Street Owners Walk Away

posted on November 25, 2015 by

On Tuesday, a federal jury in Miami convicted Alejandro Amor, the owner of shut-down FastTrain College, of theft and conspiracy. Amor gained notoriety when it was disclosed that FastTrain, a for-profit college, used strippers to recruit students, but the offense for which he now faces a long prison sentence was enrolling, and cashing federal financial aid checks for, some
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For-Profit College Owner, Who Used Strippers As Lure, Goes On Trial

posted on October 20, 2015 by

Alejandro Amor (pictured just above), the former owner-CEO of for-profit FastTrain College, is scheduled to face a jury trial in Miami Wednesday morning. Amor and his co-defendant, former FastTrain admissions staffer Anthony Mincey, face criminal charges of defrauding the federal government to obtain about $6.5 million in student aid — Pell grants and Direct Loans. Two other FastTrain employees charged
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Purveyors of Wisdom on Higher Ed Panel Have Advanced Harmful For-Profit College Agenda

posted on October 14, 2015 by

Today, the day after the New York Times ran a blockbuster front-page lead story describing some of the worst ongoing abuses of big for-profit colleges, one of the nation’s leading higher education philanthropies kicked off a major conference in Washington with a panel giving its place of honor to the retired former chairman of the House of
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Report Exposes For-Profit College Abuses in Converting to Non-Profits

posted on October 6, 2015 by

An investigative report released this morning documents how some for-profit college owners have converted their companies into non-profit schools in a way that allows them to evade the regulatory obligations and deservedly bad reputation of for-profits while continuing to reap enormous financial benefits.  These operators have done so, the report finds, by subverting the rules governing non-profit schools, while the
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For-Profit College Lobbyist Explains Decades of Fraud as Humanitarian Mission

posted on September 23, 2015 by

A Politico profile of Secretary of Education Arne Duncan quotes just two commenters regarding the Obama Administration’s effort to curb abuses by for-profit colleges, and both of them have been long-time lobbyists for the industry: bulldog lawyer Lanny Davis and former congressman Steve Gunderson (R-WI), who heads the industry’s main trade group, APSCU.  Only Duncan is
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Mass. Attorney General: For-Profit College Kaplan Deceived Students

posted on July 30, 2015 by

Massachusetts attorney general Maura Healey today announced settlements of her investigations of two large for-profit college chains — Kaplan and Lincoln Technical Institute — for unfair and deceptive student recruiting practices. Kaplan will pay $1.375 million to former students, and Lincoln Tech will pay out about $1 million. Court documents filed in the matters describe the
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