DeVos May Allow Troubling Conversion of Predatory College Chain
Politico reports this morning that Trump Secretary of Education Betsy DeVos may be ready to reverse the Obama Administration’s 2016 decision to reject the application of the predatory CollegeAmerica/Stevens-Henager chain to be treated as a non-profit school for purposes of Department regulation. That would be good for the chain’s wealthy operator, Carl Barney, but, as with
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Report Exposes For-Profit College Abuses in Converting to Non-Profits
An investigative report released this morning documents how some for-profit college owners have converted their companies into non-profit schools in a way that allows them to evade the regulatory obligations and deservedly bad reputation of for-profits while continuing to reap enormous financial benefits. These operators have done so, the report finds, by subverting the rules governing non-profit schools, while the
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Colorado Sues CollegeAmerica for Systematic Deception
A state court in Denver has just unsealed the complaint that the Colorado attorney general brought late last year against CollegeAmerica / Stevens-Henager, a former for-profit college network that recently converted to non-profit status. The school’s conversion seems to enrich its founder in ways that disturbingly distort the concept of a non-profit, but its apparent abuses of
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