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A new 800-page report from a Senate committee harshly criticizes the for-profit education...

A new 800-page report from a Senate committee harshly criticizes the for-profit education sector. The biggest complaints from Senator Tom Harkin's biting report are that taxpayer money is being squandered and students aren't getting much bang for the buck from their enrollment. On watch: CECO, COCO, EDMC, STRA, LOPE, APEI, NAUH, BPI, APOL, ESI, DV, LINC.
Comments (7)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    That'll teach 'em to not give big enough donations to various senatorial re-election campaign funds!
    30 Jul 2012, 07:44 AM Reply Like
  • Bret Jensen
    , contributor
    Comments (9829) | Send Message
     
    I wish Senator Harkin would have also looked at the 90% of education loans the government gives to anyone with a pulse which contributes directly to why education costs grow at more than 2 times the rate of inflation and the 1T in student debt that will be the next subprime debacle.....but that might implicate govt policies, public union employees, young people taking 7 years to get a sociology degree and racking up 100K debt.........the very people the Dems are counting on in November.
    30 Jul 2012, 07:47 AM Reply Like
  • Tom DiLello
    , contributor
    Comments (21) | Send Message
     
    AMEN!
    30 Jul 2012, 12:25 PM Reply Like
  • Doctoral Advocate
    , contributor
    Comments (4) | Send Message
     
    Mr. Jensen, I applaud your response. However, I feel for profit organizations are in for the KO with the media storm that is about to follow. Politics and policies control the blame game...
    30 Jul 2012, 11:51 AM Reply Like
  • CHTURN9188
    , contributor
    Comment (1) | Send Message
     
    Could someone please help me understand the role of the HLC (Higher Learning Commission)? Where is the accountability? I researched BPI (Ashford University) before enrolling and accepted the HLC review that this higher education firm was accredited and my 4.0 BA degree would be recognized. Although I must admit, I certainly questioned their so-called expertise while a student at Ashford. I will cry "victim" and call-out the worthless government policies while paying student debt. The next "subprime debacle" indeed!
    30 Jul 2012, 02:08 PM Reply Like
  • WallStreetDebunker
    , contributor
    Comments (2271) | Send Message
     
    Harkin should study how much bang for the buck taxpayers are getting for financial aid to students with degrees from public/nonprofit schools in subjects like Sociology, ethnic Studies, & gender Studies. With recent government spending slowdowns, it's unlikely many of these students are getting the kind of jobs that Harkin would approve of (shuffling paper for bloated government bureaucracies). Now such students are likely working at independent coffee shops, tattoo parlors, and stores that sell nose rings & smoking accessories. This, too, is probably ok with Harkin. Such employees tend to vote for Democrats, unless Ralph Nader is lonely for public attention and is running as a Green Party candidate again.
    30 Jul 2012, 02:34 PM Reply Like
  • Tom DiLello
    , contributor
    Comments (21) | Send Message
     
    Don't forget the identical, non-market rates of interest charged to kids getting degrees in said grievance studies and engineering alike ... because everyone has a "right" to an education.
    13 Aug 2012, 05:16 PM Reply Like
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