767 Search Results Found For: "for-profit colleges "
Dept. of Education Takes on the University of Nowheresville
Last week, Secretary of Education John King and Undersecretary Ted Mitchell announced the creation of a new enforcement division, headed by an experienced Federal Trade Commission lawyer, to crack down on deceptive practices by colleges, particularly in the abusive for-profit college sector. It was one of those days when it looked like the Department, long
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University of Phoenix: New Boss, Same as Old?
Today, the University of Phoenix’s owner, Apollo Education Group, announced a $1.1 billion deal to be acquired by a consortium of investors including Apollo Global Management (no relation) and the Vistria Group, a private equity firm that includes Tony Miller, who was Deputy Secretary of Education under President Obama from 2009-2013. Miller would become Chairman of the Apollo
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Credit Suisse Analyst Who Touts DeVry Previously Touted Corinthian
Credit Suisse got the attention of Wall Street last week when it issued a report recommending that investors buy shares in one of the largest for-profit college companies, DeVry Education Group. The report came less than a week after the Federal Trade Commission sued DeVry for allegedly misleading students about job placement rates and salaries for the school’s graduates,
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Blockbuster Lawsuit Claims Abusive Practices Persist at ITT Tech
A federal whistleblower lawsuit against troubled ITT Tech, unsealed last week, reads like a greatest hits of abuses by America’s predatory for-profit colleges. The suit alleges that ITT has repeatedly defrauded taxpayers by taking billions of dollars in federal student aid while systematically deceiving students and violating federal regulations. The complaint, first described today by MarketWatch,
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Unrepentant EDMC CEO Will “Push Back” Against Gainful Employment Rule
At a press conference this morning, the Justice Department, the Department of Education, and a group of state attorneys general announced what Attorney General Loretta Lynch called a “landmark settlement” of fraud charges against for-profit college company Education Management Corporation (EDMC). The company will pay $95.5 million — the largest False Claims Act settlement ever
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House Democrat Group Asks Administration To Forgive Debt of All Corinthian Students
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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Corinthian to Justice Dept: Get Our Docs Before ECMC Abandons Them
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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Jeb Bush Campaign Adviser Serves on Board of Predatory College ITT
Former Congressman Vin Weber (R-MN) is an advisor to the unofficial presidential campaign of Jeb Bush, as both Weber and the Bush camp have confirmed. Weber recently told Fox News, “I think that Governor Bush is right on track in terms of how he’s been thinking about this potential race and when he needs to get
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