On Friday, prosecutors in Miami charged the politically-connected CEO of for-profit Dade Medical College, Ernesto Perez, with the felony charge of providing false information through a sworn statement, plus two misdemeanor counts of perjury. When Perez was named to Florida’s Commission on Independent Education — a panel charged with overseeing schools like his — he omitted
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Representative John Kline, Republican of Minnesota, chairs the House Education and the Workforce Committee. He also is a living symbol of the Republican Party’s shameful loyalty to big for-profit colleges that have added to the corruption of U.S. politics, systematically ripped off taxpayers, and ruined the futures of countless students. On Friday, Rep. Kline will
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Because the media loves discussing Donald Trump, it wasn’t surprising to see heavy press coverage of a lawsuit brought by New York Attorney General Eric Schneiderman accusing the unlicensed Trump University of “persistent fraudulent, illegal and deceptive conduct.”  Trump responded by harshly attacking Schneiderman, whose suit demands that Trump pay back at least $40 million
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On Friday a Missouri jury awarded $13 million in punitive damages to a single mother who had been deceived by for-profit Vatterott College. Vatterott, which has a long record of abusing students and leaving them deep in debt, is owned by TA Associates, a private equity firm financially tied to Mitt Romney’s own private equity
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Under a federal law enacted in 2010, taxpayers now fund efforts by presidential nominees to begin their White House transition efforts even before the election, by providing federal services and facilities to the transition operation. Mitt Romney was the first recipient of this sensible reform aimed at ensuring a stronger start for a new president.
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Eight U.S. Senators today sent a letter to U.S. Secretary of Education Arne Duncan calling on him to investigate tactics used by some major for-profit colleges to circumvent rules aimed at reducing student loan defaults.  A report issued in July by Senator Tom Harkin’s Health, Education, Labor, and Pensions (HELP) committee documented that several big for-profit
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Beneath the raw offensiveness of Mitt Romney’s statement to his donors that President Obama won by providing “gifts” to African-Americans, Latinos, and young people, is a layer of remarkable hypocrisy: It was actually Romney who was promising big giveaways of taxpayer money during the campaign. But instead of offering his gifts to actual people, Romney pledged
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  Since last week’s election, the Fox News Channel has featured several corporate executives complaining about the results. But it’s likely that few are as upset as CEOs of the troubled for-profit college industry. This sector, which is deeply dependent on the federal government, bet heavily on a Republican victory. Mitt Romney, who has a
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