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

Jeb Bush Denounces Obama Rule To Hold For-Profit Colleges Accountable for Burying Students in Debt

Former Florida Governor Jeb Bush (R) last week denounced President Obama’s proposed “gainful employment” rule, which is aimed at holding accountable those career education programs that take taxpayer dollars but consistently leave their students with overwhelming debt.  According to a post on Twitter by the trade association of for-profit colleges, APSCU, Bush on Wednesday told that
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Washington Post Opposes Regulating For-Profit Colleges Without Disclosing Publisher’s Stake In The Industry

This week the Washington Post editorialized against President Obama’s “gainful employment” rule, aimed at holding career training programs accountable for leaving students with insurmountable debt, without disclosing that the newspaper’s publisher, Katharine Weymouth, serves on the board of directors of a company that owns for-profit colleges and that is lobbying actively against the rule. An
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For-Profit Colleges Spend Big On Lobbyists to Fight Obama Regulation

With the May 27 deadline approaching to submit comments to the U.S. Department of Education, big for-profit colleges are pulling out all the stops to gut the Obama Administration’s proposed “gainful employment” rule, which is aimed at curbing predatory career training programs.  Taking some of the $33 billion a year they’ve been getting from taxpayers,
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Bob Kerrey To Keynote Meeting of For-Profit Colleges Charged With Abusing Vets

Former U.S. senator Bob Kerrey (D-Nebraska) will give keynote remarks at this spring’s annual convention of the for-profit college trade association, APSCU, in Las Vegas. It’s not really a surprise, since Kerrey recently co-authored a Wall Street Journal op-ed arguing against new federal rules to hold the troubled for-profit college industry accountable. But it’s a shame.
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Obama Must Not Coddle For-Profit Colleges Facing Fraud Probes

The Obama Administration’s “gainful employment” rule, aimed at protecting students from predatory career colleges, has gone from the Department of Education to the White House Office of Management and Budget, which is holding meetings with interested parties. These include representatives of our coalition of student, veterans, civil rights, consumer, and other groups seeking a strong
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House Dems Backing For-Profit Colleges Gutted Their Own Letter

Thirty House Democrats ended up signing a letter to Secretary of Education Arne Duncan that was organized at the behest of the for-profit college industry. The prime movers of the letter, Representatives Alcee Hastings (FL) and Rob Andrews (NJ), both are regular recipients of campaign cash from this industry.  But the industry did not get
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Steve Forbes, The Olympics, Congress and Other Stuff For-Profit Colleges Buy With Your Tax Dollars

America’s for-profit colleges are receiving as much as $33 billion in a single year from your tax money, and billions more from the pockets of students, a lot of whom are left deep in debt and jobless from their encounters with predatory schools.  Many of the biggest for-profit colleges get close to 90 percent of
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Bob Kerrey and Private Equity Owner Defend For-Profit Colleges Without Disclosing Financial Stake

The Wall Street Journal today published an op-ed by former Senator Bob Kerrey and private equity man Jeffrey Leeds attacking the U.S. Department of Education’s new “gainful employment” rule, which is aimed at reducing taxpayer aid to career colleges that consistently leave students with insurmountable debt. The piece is riddled with misleading arguments about for-profit
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