It is absolutely stunning that the for-profit colleges’ chief lobbyist, Steve Gunderson, told a reporter today that a new Obama Administration proposed rule — a rule that would finally give students and taxpayers some leverage to recover payments for abuses by predatory schools — “will crush career education.” What does that say about the performance
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The Obama Administration is on the verge of issuing a proposed rule that would create new procedures and standards for cancelling the federal student loan debt of people who were defrauded by their colleges. The rule would also create new standards for the Department of Education to require colleges to post escalating letters of credit based
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Today, the troubled for-profit college industry’s troubled trade association, APSCU, begins its four-day annual convention, at the Rosen Shingle Creek resort in Orlando FL. Unlike past years, there is no big name keynote speaker, no George W. Bush, Jeb Bush, or Newt Gingrich, and no dance party with a semi-faux version of the Beach Boys or Kool
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Donald Graham, who turned his family company from the fabled owners of the Washington Post newspaper into the purveyors of the predatory for-profit college Kaplan University, met twice late this month with senior White House officials. Graham’s aim, as documents he left behind and were posted by the Office of Management and Budget indicate: to derail the
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  The U.S. Department of Education announced today it has “accepted” the law firm Squire Patton Boggs as the new “independent monitor” for Zenith Education Group. Zenith is a division of the non-profit debt collection company ECMC, which, with Department approval, last year took over many Everest College and WyoTech campuses of the now-defunct, notoriously
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Just as America’s veterans organization are coming together to demand better government protection against deceptive and abusive practices by for-profit colleges, Senator Joe Manchin (D-WV) seems to want to move in the opposite direction, pushing an amendment that would require the Pentagon to allow any college approved for military tuition benefits to have unrestricted access
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The University of Phoenix just announced that it will no longer require students to agree when enrolling to give up their rights to pursue in court any disputes with the school. Many for-profit colleges have used such fine-print clauses to force any complaint into secret arbitration proceedings that tend to be stacked against students and
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The market analysis division of Credit Suisse held a two-day conference in March addressing for-profit education, and many for-profit college industry executives and consultants attended the meeting, held in Boston. Credit Suisse analyst and long-time for-profit college booster Trace Urdan published a revealing write-up of the session on March 21. The press of other business, plus, of course, respect for Credit
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