You may recall – I have been particularly critical about for-profit educational institutions for preying on lower quality students and soak them with debt to enrich the executives at these universities. Here is a great revelation by a pimp for these Fraudversities (another Freudian slip). Vince Sampson, president, Education Finance Council, said during a panel […]
As in the case of Tri-Valley University, about 90% of the students who are affected by this action by the Feds are Indians, and a vast majority of them are from Andhra Pradesh. In this particular case, I beg to differ from the standard line of excuse: ignorance or innocence. We all know the maxim: ignorantia legis neminem excusat (ignorance of the law excuses no one.) I contend that it is willful participation by many students.
Via Bloomberg: The average cost of attending a four- year for-profit college surpassed expenses at both U.S. state and private nonprofit universities, a government report found. Full-time students paid an average of $30,900 annually at the for-profit schools in the 2007-2008 academic year, almost double the $15,600 average paid at public universities, according to U.S. […]
Here is a summary of scathing report published in Barron’s on for-profit colleges. (Via Wall Street Cheat Sheet) On Sunday April 24, 2011, 10:31 pm EDT The barren, post-apocalyptic wasteland that was once the American economy (NYSE:SPY) has proved to bear little fruit for recent college graduates. It seems that the avaricious, aggressively credit-dispensing financial […]
This is a bit dated news (from June 2010), which I keep forgetting to post here. Hedge fund manager, Steve Eisman gave a scathing testimony to congress on the pervasive fraud by major for-profit profit outfits (I refuse to call them universities). It is true that as a person who is short the stocks of […]
Here is how the lobbying works in Washington DC (Via Huffington Post): Last week, a bipartisan group of House members pushed for a rider in the spending bill that would block the Department of Education from implementing rules that would punish certain for-profit college and community college programs for saddling students with debts they cannot […]
Here is the latest on this subject (Via Huffington Post) Newly-released internal training documents from several for-profit colleges illustrate a culture that encourages recruiters to increase enrollment by focusing on emotions such as “pain” and “fear” to attract low-income students who are struggling with adverse personal and financial circumstances. The documents, obtained by a Senate […]
Not like the brazen giant of Greek fame, With conquering limbs astride from land to land; Here at our sea-washed, sunset gates shall stand A mighty woman with a torch, whose flame Is the imprisoned lightning, and her name Mother of Exiles. From her beacon-hand Glows world-wide welcome; her mild eyes command The air-bridged harbor […]
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Is this the main ‘campus’ of Tri Valley University? Any way, this fraud of a university was busted by DHS. Knowingly or unknowingly hundreds of students are caught in this mess, a vast majority of them are Indian. I touched base with immigration attorney Mrs. Prashanthi Reddy on this subject. In this part of interview […]
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In my earlier writings and on MMGL shows, I came down hard on ‘universities’ that are for-profit and online-only degree. I even took heat for my unwavering stance on this issue. With the public waking up to the fraud by Stayer and Univ of Phoenix, and busted Tri-Valley I feel more than vindicated on this […]
For years I have been talking about the fraudulent practices at certain for-profit and publicly traded ‘universities.’ Finally the public is waking up to this naked truth. Last week, Apollo Group, parent company of The University of Phoenix has fessed up that enrollment were down due to the bad publicity. I would like to correct […]
