Career Education Corporation
DeVos is letting the foxes draft rules for the henhouse.
Some of the largest for-profit college companies -- including, last month, DeVry and Kaplan -- have recently left the industry's main trade group. Funded to boost its industry's fortunes, APSCU may instead have contributed to dragging the industry down. Now APSCU itself may be a sinking ship.
The operations may well be in violation of federal statutes prohibiting deceptive marketing and unwanted telephone sales calls, as well as DOE laws and regulations barring payment of sales commissions to college recruiters. At the very least, they are guilty of using sleazy tactics to sell poor-quality products.
America's for-profit colleges are receiving as much as $33 billion in a single year from your tax money, and billions more from the pockets of students, a lot of whom are left deep in debt and jobless from their encounters with predatory schools.
It seems that the powerful for-profit college industry, which has used its taxpayer-provided riches -- up to $33 billion a year -- to buy the most expensive lawyers and lobbyists, and the allegiance of many in Congress to keep the money flowing, is finally on the run.
The Federal Trade Commission may be ready to get tough with America's for-profit colleges. That makes sense. The business model of many for-profit colleges is built on deception -- if students actually had all the relevant information, they wouldn't enroll.
Representative John Kline, Republican of Minnesota, chairs the House Education and the Workforce Committee. He also is a living symbol of the Republican Party's shameful loyalty to big for-profit colleges.
APSCU has been marked by extreme loyalty to its members, keeping companies on its membership roster even after they have been exposed for engaging in outrageous offenses against students and taxpayers.