763 Search Results Found For: "for-profit colleges "
After Fighting The Taliban, Soldiers Return Home To Face Attacks From For-Profit Colleges & Their Lobbyists
After risking their lives abroad, American veterans are returning home to a new set of dangers. For-profit college companies are increasingly targeting veterans and their education benefits as a source for easy profits. The companies have a record of fraud, from deceptive recruiting practices to extremely high drop-out and default rates. Unlike tradition private or
Continue Reading >>>
Michelle Rhee Says She’ll Tell For-Profit Colleges To Clean Up Their Act
Michelle Rhee writes in the Huffington Post that “some have questioned” why she would speak at the upcoming annual meeting of the largest trade group of for-profit colleges, APSCU, and she offers an answer. I first raised this question 10 days ago, so I want to evaluate Rhee’s response. First of all, Rhee, the former chancellor
Continue Reading >>>
Lobbying Makes Low-Performing For-Profit Colleges Highly Profitable
This guest post was written by United Republic’s Jasper McChesney. He also designed the infographic below: Few would argue against spending tax-dollars wisely: eliminating ineffective and wasteful programs in favor of better ones. But when federal dollars flow to private industries with powerful lobbies, politicians can have a hard time closing the spigot. The for-profit
Continue Reading >>>
Exclusive: Washington Post’s Kaplan and Other For-Profit Colleges Joined ALEC, Controversial Special Interest Lobby
Republic Report has learned that the Washington Post Company’s Kaplan for-profit college division, was, last year, a member of the controversial business advocacy group the American Legislative Exchange Council. Other major for-profit education companies also joined ALEC. Republic Report has obtained a July 2011 document showing Kaplan Higher Education and other for-profits as members of
Continue Reading >>>
For-Profit Colleges Attack New Effort To Prevent Fraud With $32 Billion of Your Tax Dollars
The for-profit college industry gets about $32 billion of its approximately $35 billion annual revenue from federal financial aid. Fifteen of the largest for-profits get 86 percent of their money from federal student aid programs – such as Pell grants, student loans, and the G.I. Bill. Yet every time someone proposes making their schools more
Continue Reading >>>
4-Year Students At For-Profit Colleges Graduate Less Than Half As Often As Other Students, But Their Schools Do Create Jobs — For Lobbyists
A brand-new report from the National Center for Education Statistics confirms once again that for-profit colleges are failing to help many of their students. These schools, many marked by deceptive recruiting, low-quality programs, and sky-high prices, have 13 percent of U.S. students but nearly 50 percent of student loan defaults. The for-profit college industry gets most of its
Continue Reading >>>
At Investor Conference, For-Profit Colleges Tout Success, Ignore Controversy
Yesterday I listened over the web to two CEOs of for-profit education companies make presentations at an investor conference in Scottsdale, Arizona. Neither man had anything to say about the overwhelming evidence that for-profit schools have engaged in waste, fraud, and abuse with federal tax dollars. Instead, both touted their companies, and one announced a startling
Continue Reading >>>
Meet the Would-Be Accreditors Tied to Predatory For-Profit Colleges
About a decade ago, two notorious for-profit college chains—ITT Technical Institute and Corinthian Colleges—collapsed after state and federal investigations revealed they had defrauded their students. Their closures, essentially overnight, left tens of thousands of students without their promised credentials. Many had debts they couldn’t pay back. A lesser-known but ultimately central player in the saga
Continue Reading >>>