After Bipartisan Repudiation of DeVos Student Loan Rule, What Will Trump Do?
In a stunning bipartisan rebuke of Secretary of Education Betsy DeVos, the Senate today voted 53-42 to overturn a new Department of Education rule that would make it nearly impossible for students ripped off by their colleges to have their federal student loans cancelled. Ten Republicans Senators — Shelley Moore Capito (WV), Joni Ernst (IA),
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Senators Demand Probes of For-Profit College Shifts to Non-Profit
In two separate letters sent over the past week, Democratic U.S. senators are demanding government investigations of a wave of troubling conversions of bad-acting for-profit colleges into non-profit educational institutions. In these finalized or proposed transformations, for-profit school chains — including Kaplan, Grand Canyon, EDMC, Bridgepoint, CollegeAmerica, Ultimate Medical Academy, and Keiser — are changing
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SEC Commissioners Rejected Settlement with ITT Tech CEO
The U.S. Securities and Exchange Commission has rejected a proposed settlement of the SEC’s lawsuit against two former executives of the collapsed for-profit college company ITT Educational Services. In a court filing on August 11, SEC lawyers told the Court that “the Commission will not approve the proposed settlements” with former ITT CEO Kevin
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McCain Lashes Out At Durbin, Defends Veteran-Abusing For-Profit Colleges
Senator John McCain (R-AZ), in a speech on the Senate floor yesterday afternoon, charged that fellow Senator Dick Durbin (D-IL) has “orchestrated” a “shameful … vendetta against for-profit universities.” McCain upped the ante by asserting that Durbin has a “well-known record of not supporting the men and women who are serving in the military.” Alleging a larger conspiracy,
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Corruption Threatens Obama Action on For-Profit Colleges
In the past five years Americans have become increasingly aware that many for-profit colleges — the career training schools that advertise all over TV, the Internet, and city buses — are engaged in systematic fraud. These schools have been caught luring students with false promises about the cost of programs and the value of degrees
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Aided by Fox News, For-Profit Colleges Use Shameless Propaganda to Mask Shameful Conduct
Several years of public scrutiny have exposed that many of America’s for-profit colleges are playing a cruel joke on students and taxpayers — high-priced, low-quality programs, sold through deceptive recruiting practices, that often leave students without good jobs and deep in debt. This scam has cost taxpayers as much as $33 billion in a single year. Worse, it
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As States Act To Shut Down Deceptive Website, Durbin Says For-Profit Colleges “Own Every Lobbyist” In DC
On Wednesday, 20 state attorneys general announced a court settlement with QuinStreet Inc., a marketing company working for for-profit colleges, that will shut down the deceptive website GIBill.com and turn that web address over to the U.S. Department of Veterans Affairs. GIBill.com, until recently, looked a lot like a government website. But people who went
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