Senator Elizabeth Warren (D-MA), joined by Rep. Mark Pocan (D-WI), has written to six U.S. private equity firms regarding their investments in for-profit colleges. In light of growing evidence that private equity-owned for-profit colleges are some of the worst actors in an industry rife with bad behavior, Warren and Pocan have asked the firms to
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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 Democrats rejoice over the sagging Mitt Romney campaign in Michigan, a leading DC influence firm staffed by ex-Clinton officials has quietly orchestrated a media effort that appears designed to defend the beleaguered GOP establishment candidate as he goes into Tuesday’s primary. Two days ago, the Private Equity Growth Capital Council (PEGCC), a lobbying association for private
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