December 16, 2013

Corruption Threatens Obama Action on For-Profit Colleges

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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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December 12, 2013

Steve Forbes, The Olympics, Congress and Other Stuff For-Profit Colleges Buy With Your Tax Dollars

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America’s for-profit colleges are receiving as much as $33 billion in a single year from your tax money, and billions more from the pockets of students, a lot of whom are left deep in debt and jobless from their encounters with predatory schools.  Many of the biggest for-profit colleges get close to 90 percent of
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April 18, 2013

Suze Orman teaching personal finance class — at the University of Phoenix

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If you were teaching a course on how to manage personal finances, one of the best pieces of advice you could give is to avoid attending a for-profit college. A series of government and media investigations have exposed that signing up with a for-profit college could well be one of the worst financial decisions a
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February 4, 2013

As Mass. AG Probes Vanished For-Profit College, Senators Call for Broad Review

Maryland's Senators, Benjamin Cardin and Barbara Mikulski, are asking  the Dept. of Education how a college could collapse before our eyes.

Massachusetts Attorney General Martha Coakley says she’s expanded her investigation of whether for-profit colleges have deceived students in her state about their prices, graduation rates, and job placement records. “The more we look, the more we see it as a real problem,” Coakley told the Boston Globe. Coakley identified one school she’s probing — American Career Institute (ACI),
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November 1, 2012

Controversial For-Profit College Industry Using Your Tax Dollars To Support Romney Victory

Todd Nelson resigned as chief executive of Apollo Group, parent company of the University of Phoenix, in 2006, in the wake of two controversies that ended up in court.  In the first case, Apollo, the nation’s largest for-profit college business, paid $9.8 million in 2004 to settle a U.S. Department of Education complaint that it
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