Scrutiny on education sector ramps up

|By:, SA News Editor

Some for-profit colleges appear to be facing a new set of investigations, with a number of them receiving requests for information from a network of at least 12 attorneys general.

Since Friday, Education Management (EDMC), Corinthian Colleges (COCO), ITT Educational Services (ESI) and Career Education (CECO) have said they have been contacted about providing data.

The AG's want information about about student recruitment, job placement statistics, graduation and professional licensing rates, and student loans.

The Consumer Financial Protection Bureau has said that it plans to tackle student debt. CFPB chief Richard Cordray yesterday said the agency has received thousands of complaints and comments about the issue.