Government Oversight - Is Anyone Watching the Store?

Government Oversight

On August 5, 2010. the U.S. Senate Committee on Health, Education, Labor and Pensions issued a request for documents and information to the Company in connection with its review of companies who receive federal resources principally from government sponsored loans to students. The request seeks information and documents relationg to the Company's use of Federal resources, including how it recruits and enrolls students, sets program price or tuition, determines financial aid including private or institutional loans, tracks attendance, handles withdrawal of students and return of Title IV dollars and manages compliance with the reuqirement that no more than 90% of revenues come from Title IV dollars. The request also seeks an unerstanding of the number of students who complete or graduate from programs offered by the Company, how many of those students find new work in their educational asrea, the debt levels of students enrolling and completing programs and how the Company tracks and manages the number of students who risk default within the cohort default rate window. Source (See SEC Filing 8/9/10)

 

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              Share Your Story with Senator Harkin

 

Rep. Foxx Calls for Streamlining Regulations and Cutting Spending (Oversight or Influence?)   CONTACT SEN. FOXX

Issa to Investigate GAO's Report on For-Profit Colleges, Not Abuses at the Schools Themselves (WHAT?!)

 

An Unhappy Art Institute Student's Efforts for Justice    (This is a VERY serious allegation, which I cannot affirm at this time)

Breaking News: A Key Witness at Senate Hearing Will Reveal How For-Profit Colleges Cook the Books on Job Placements 

EDMC Investigations Find No Support for Allegations of Undue Pressure on Career Services Advisors (Internal Investigation - A.K.A. fox guarding hen house)  

For-Profits' Advertising Blitz

Making College Work

For-Profits Battle on Many Fronts

 

Student Loan Default Rates Increase   

Mounting Congressional Scrutiny of For-Profit Colleges  Letter to the Government Accountability Office (GAO)  Tune In 

While for-profit colleges have a responsibility to their shareholders, they also have a responsibility to provide educational value to their students, and  an obligation to ensure that the federal dollars they receive are well spent, particularly now that Congress has made an historic investment in student aid. Source

'Bad Apples' or Something More?

Method to Miller's Madness - Chair, House Committee on Education and Labor)

Senator Tom Harkin's Hearings    Share Your Thoughts with the Senator

Quis custodiet ipsos custodes? (I couldn't have said it better myself!)

Consumer Groups Urge Tough Stance on 'Program Integrity' (see Inside Higher Ed - May 21, 2010)

Under the 'Direction' of the Same People Running the Show now at EDMC

U.S. Government Accountability Office (Proprietary Schools Report)

Cummings Urges Hearing On For-Profit College Malfeasance 

Cost vs. Benefit (Proposed Legislation)

National Advisory Committee on Institutional Quality and Integrity