154 Search Results Found For: "friends in high"

This morning, one of the nation’s biggest for-profit colleges, ITT Tech, announced that it has permanently shut down its academic operations and fired the “overwhelming majority” of its more than 8,000 employees. In a typically self-pitying, remorseless statement, the company blamed all its woes on the U.S. Department of Education, which, ITT claimed, acted with “a
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Steve Gunderson, the former congressman (R-WI) who is the chief lobbyist for America’s for-profit colleges, warns in a new email, “There has never been a time when the economic, regulatory and political assaults on our sector have been stronger.” Gunderson, since 2012 the CEO of the discredited, depleted for-profit college trade group CECU (formerly APSCU),
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The for-profit college industry clearly is spending heavily to try to convince non-profit and public colleges to oppose new Department of Education regulations imposing accountability on badly-performing schools. Last week I wrote about how the industry has hired a former long-time New York Times reporter to try to argue to traditional higher education groups that
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Troubled predatory for-profit college ITT Tech said in a filing with the Securities and Exchange Commission last night that in order to raise enough money to cover a new letter of credit requirement imposed by the U.S. Department of Education, “the Company expects to implement certain modifications to its historical marketing and recruitment strategy.” ITT
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For-profit colleges are once again fighting furiously, and expensively, to gut a common sense regulation from the Obama Department of Education. The Hill today is calling this latest lobbying battle a “frenzy.” The Obama rule spurring this frenzy would: 1. Implement a law already on the books by providing standards and procedures for the government to forgive the
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Two former high-ranking executives of Trump University are now two of the top executives at a Florida-based career college, Ultimate Medical Academy, that has 13,000 students enrolled, has been receiving more than $150 million annually in federal student aid, and is accredited by the imperiled agency ACICS. The school, previously a for-profit institution tied to a New
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In a world of mass shootings, Brexit, and a looming dramatic presidential election, the deliberations of the U.S. Department of Education’s National Advisory Committee on Institutional Quality and Integrity (NACIQI), in a nondescript meeting room at the DoubleTree Crystal City in Arlington, VA,  would hardly seem to matter. But, yesterday, it did matter. By the scheduled 8:30 am
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This article, which originally was published (April 3, 2014) in The Nation, is adapted from David Halperin’s e-book, Stealing America’s Future: How For-Profit Colleges Scam Taxpayers and Ruin Students’ Lives, available at Amazon. Many of America’s for-profit colleges have proven themselves a bad deal for the students lured by their enticing promises—as well as for US taxpayers, who subsidize
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