Tuesday, October 13, 2015
The Century Foundation Report on For-Profit Colleges Cited in NY Times
When the Obama administration agreed this summer to erase the federal loan debt of some former students at Corinthian Colleges, a for-profit school that filed for bankruptcy in the face of charges of widespread fraud, education officials promised to “protect students from abusive colleges and safeguard the interests of taxpayers.”
But the Education Department, despite a crackdown against what it calls “bad actors,” continues to hand over tens of millions of dollars every month to other forprofit schools that have been accused of predatory behavior, substandard practices or illegal activity by its own officials or state attorneys general across the country. . .